Option traders and investors have started to turn a great deal of attention towards US STEEL , it looks to have found a bottom and as sell side volume has declined replaced by dominante buy side. Such high volume buy trades can not be ignored and often represent institutional interest in a stock.
For confirmation of the long side wait for some signals such as,
1 histogram to tick green
2 watch for macd bullish cross
3 move above pivot point
4 crossing of 7&12 ma's
For confirmation of the long side wait for some signals such as,
1 histogram to tick green
2 watch for macd bullish cross
3 move above pivot point
4 crossing of 7&12 ma's