The Long Investor
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$X - WATCHLIST -
🕑 Added 2025-03-28 09:41:53 +0000 UTCI highlighted this chart last week because the price action was testing the wedge breakout level at $40, we have a clear breakout now and a retest of the $40 level too.
Price is up to $45 in the PM now after it was announced that the $X are negotiating with the Trump admin to push through the Nippon merger, as Nippon is proposing to boost investments in US Steel facilities.
When this dropped to $27 in August when the merger was breaking down, I said this was a good investment to consider because all parties have now identified $X as an important company and when the price hits the First Target, this will be a +100% gain.
I think there is still a lot of upside here
A hold above $41 will secure the upside trend.
Comments
Richard Darbyshire
Bought in at $30, wish I’d purchased more than 500 shares 😃
