Ignore the tweets and any executive orders on tariffs. Ignore threats of retaliation. Just look at the charts and indicators of AK Steel Holding (AKS) and decide whether you want to buy it or not. Simple enough?
In this daily bar chart of AKS, below, we can see that the price of AKS was in a downtrend until early November and we be generous and say that AKS has been in a sideways range since August. We can also see a higher low in early February than the November low. But what we cannot see is an uptrend! The price of AKS has crossed back and forth around the 50-day moving average and the 200-day average. It looks like the 50-day average line has turned up but the 200-day line still has a negative slope. We can see a higher lower on the On-Balance-Volume (OBV) line but not sustained aggressive buying. The Moving Average Convergence Divergence (MACD) oscillator gave a cover shorts buy signal in February but it has yet to cross above the zero line for an outright go long signal.
In this weekly chart of AKS, below, we can see that prices have been above and below the 40-week moving average line. The weekly OBV line has been in a decline for most of the past year and the weekly MACD oscillator is stuck below the zero line. Not a constructive set-up.
In this Point and Figure chart of AKS, below, we can only see a $6.19 upside price target.
Bottom line -- if you watch the price action and not the news cycle you will not be interested in going long AKS until it closes strongly above $7.00.