Steel Dynamics
STLD bounced from the long term multiyear trendlineSteel demand not going anywhere (I'm not an expert but don't see it going down simply because of steel's versatility and usage)
high volume node and 50/200 daily SMAs above that can act as resistance, I accumulate shares every month, so not playing the shorter term
Note
Rejected by the daily 200 SMA
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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.