Timkensteel Corp (NYSE: TMST)

Timken Steel Corporation manufactures and sells alloy steel, and carbon and micro-alloy steel products. It operates in two segments, Industrial & Mobile, and Energy & Distribution. The company provides air-melted alloy steel bars, seamless tubes, and precision components, as well as value-added services, including thermal treatment and machining. Its products are used in engines, transmission and driveline components, hydraulic system components, military ordnance, mining and construction drilling applications, and other types of equipment, as well as offshore and land-based drilling rig activities.
Take a look at the 1-year chart of Timken (NYSE: TMST) below with added notations:

After declining steadily over the course of the past year, TMST seems to have started to trade in a sideways move. While in this sideways move, the stock formed two important price levels to be aware of. The first level worth noting is the resistance at $15 (red), which was also a prior support. The other level TMST has created would be the $10 support (green).

The Tale of the Tape: TMST is trading between two key price levels. The possible long positions on the stock would be either on a pullback to $10 or on a breakout above $15. The ideal short opportunity would be on a break below $10.