UPDATE: ArcelorMittal slow death continues to 20c

ArcelorMittal has shown downside since 2008 where the price was at its peak at R264,00.

SInce the financial crisis it's just been down and down for the steel and minin company.

It was one of the biggest in the world. and today is showing a slow death.

The technicals still confirm downside to come with the Inverse Cup and Handle.

The taregt remains at 20 cents.

Traders can't do much as there is hardly any short scrip to profit along the way. SO I guess all we can do is watch...