STLD looks to be forming a bull flag with upside potential to $50. Trump is bullish on Steel stocks. Could we get a break out soon? I think so.
Note
Still watching STLD. Look for a tag of the lower trend line with reversal or a break above the upper trend line with stops just below. Its not ready to buy yet. Note
Looks to be breaking out higher from the bull flag. A good trade ahead I believe.Note
Breakout and back test or false breakout into major drop? Too hard to tell, not taking a trade yet.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.