With AKS rallying over 7% after Wednesday’s close on raising fourth quarter guidance, I am looking at PKX X as two long ideas in the same steel sector headed into Thursday.
Not only do they stand to benefit from sector pin action, but they are solid setups on their own merits.
X is heavily-shorted and ripe to break higher from the base highlighted on the second chart, below.
And the South Korean PKX would work on confirming the inverted head and shoulders bottom highlighted on the first chart.
Drop me your top tickers overnight.
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ARII still looking good for a squeeze.
EXTR
Nice