United States Steel Corporation (NYSE:X) has a classic bullish chart retrace in progress. This means that after a monster rally in the equity, it is pulling back. The pull back is a potential entry for buyers if they know the correct level to look for. The level to buy long is at $20.00. Not only is this a psychological level but it is also a major pivot on the stock chart. U.S. Steel is currently trading at $22.68. It will likely achieve buy entry target within the next few trading days.

By Pro-Trader