This is chart number 4 showing the basic metals components of-XME. The previous three charts were CLF-X-ATI.
They were all weak. This chart is for-AKS.
AK Steel produces flat-rolled carbon, stainless and electrical steel products, as well as carbon and stainless tubular steel products, for automotive, appliance, construction and manufacturing markets. AKS-is a component of-XME.
XME-has been weak for the past month.
I suspect the basic metals components in-XME (iron-copper-steel-zinc-aluminum) are weaker than the gold-and-silver miners.
For-AKS:
The indicator on the top of the page is RSI / Stochastic , and this is weak.
The top middle indicator is vortex and it is weak (red over green).
The Top (bar-type) indicator measures the "phase energy" of the stock , and this is weak, now below zero.
Until these indicators reverse to the upside, and the prices rise above the cloud and 89 day moving average, this stock is a sell.
My conclusion: basic metals stocks are weak. This weakness will cause ETF-weakness in-XME.
Good luck to you. Don.
They were all weak. This chart is for-AKS.
AK Steel produces flat-rolled carbon, stainless and electrical steel products, as well as carbon and stainless tubular steel products, for automotive, appliance, construction and manufacturing markets. AKS-is a component of-XME.
XME-has been weak for the past month.
I suspect the basic metals components in-XME (iron-copper-steel-zinc-aluminum) are weaker than the gold-and-silver miners.
For-AKS:
The indicator on the top of the page is RSI / Stochastic , and this is weak.
The top middle indicator is vortex and it is weak (red over green).
The Top (bar-type) indicator measures the "phase energy" of the stock , and this is weak, now below zero.
Until these indicators reverse to the upside, and the prices rise above the cloud and 89 day moving average, this stock is a sell.
My conclusion: basic metals stocks are weak. This weakness will cause ETF-weakness in-XME.
Good luck to you. Don.
