Superior Profit investors are always looking for bargain. Specially the Long Term Investors in Superior Profit.
Some of them took a Long position in Indian steel company Tata Steel a few days ago. Tata Steel is holding on to its gains.
Meanwhile, we may have a look at the At A Glance chart of US Steel (X) – and see if we can find a Long Term Investment opportunity there. With narrow stop loss. And large potential profit.
Some investors like to wait for all signals to be clear – like in this case, for X to break out of the Triangle pattern in Daily.
Some otthers enter the trade in anticipation. Making sure to put a Hard Stop in case their anticipation is not honored by the Stock.
There is no right or wrong approach. It is a matter of temperament of the investor.
Key is to have a robust system that is easy and unambiguous system. That sllows one to identify opportunites quickly, easily. Like we located US Steel in minutes using Supeiror Profit Sonar.
Where will X go from here in your view?