JC Parets’ Chart Alerts | Trade Stocks

Chart Alerts

Actionable insights from the world’s most data-driven market analyst.

Featuring Author JC Parets, Founder of All Star Charts

Ternium (TX)

Short and intermediate term trends have been extremely sloppy recently, which has us zooming out looking for primary trends. One area we’ve seen strength in is base metals — particularly in steel.  And one steel stock in particular that we like is Ternium (TX). This midcap stock from Luxembourg looks set to become a large cap stock shortly if it can break out past its former highs from a decade ago. The level we’re eyeing there is 46. Below 46 we are just watching. But if it breaks that former high, we’re riding this stock up with a target of 71. Great risk to reward ratio skewed in our favor as always. Til next week, good trading, JC Parets Sponsored …

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