In a little over the past 3 years X has seen highs and lows and in the process is making this huge cup and handle pattern, going into its earnings next week. Earnings will determine its direction for the most part but based on the overall economy and the border wall and need for steel, it might just be getting started.
If after earnings it stays in this narrow range of $38-$40, it should lead upwards.
If after earnings it stays in this narrow range of $38-$40, it should lead upwards.
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