X- US Steel, possible good buy?
Hey, just started trading (not even a few months), wanted to know if X is a good candidate for a breakout.
It looks like the bollinger bands are narrowing and I'm looking for a volume break to one of the bands.
At first glance personally the Wide GAP between $28 ish and $31 ish, and the fact that RSI seems to be heading south - makes me overall nervous and I would stay away.
Just my opinion and let's see what others have to say when they chime in, but I would watch and not touch for the time being.
I think it has potential in a few days not now though. I'm going to keep an eye on it..