STLDLove it as long as the black support lines hold. Resistance points at green and blue lines. Steel making a comeback?
STLD trade ideas
Long idea - Metals19/Nov/2019 09:48 AM AUTHOR: Brandon Gum
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Peer group is all setting up the same way.
Should one consider longing? --->
1.) Look at ETF and peer group. Do they all suggest upside potential?
2.) Determine where you think it can go, both upside and downside. Is the RR there to?
3.) Is there fundamental support for these equities to do well right now? Or are the actually facing more fundamental pressure than support in conjuction with this technical setup. (Look at valuations maybe???)
4.) Identify the long term trend ---> How does that affect us on the weekly timeframe. (Im not sure, so share your thoughts)
Im just an engineer interested in the financial markets. Trying to approach logically.
What are your thoughts. Provide comments below!!!!
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$stld upside to 32ishNice bullish divergence, followed by strong up move opens up for quick move to 32. From failed moves come quick moves.
TurnIt looked like bigger correction this morning but has turned around soon. So that I assume a further decline today.
STLD - flagSymbol STLD
setup flag
Upcoming Earnings Jan 29, 2019 (EST) Apr 17, 2019 (EST)
Horizontal S&R: yes
Channel S&R: no
>20 & 50MA S&R: yes
>200MA: no
Volume confirmation: no breakout vol. over 1.
Candle Confirmation: yes
Stoch Divergence: yes embedded
Reg Trendline >85: no
Short Float: 2%
Entry 37.6
Stop 35.5
Price Target 41.8
Risk / Reward: 1:2
Zacks Rank: 4-Sell 4 Style Scores: B Value | A Growth | B Momentum | A VGM Industry Rank: Bottom 16% (214 out of 256) Industry: Steel - Producers
Good looking chart with good risk and reward, but Zacks has a sell rating on it.
STEEL DYNAMICS INC.Long for a bound from the 200 weekly SMA. SL and TP indicated on the chart.
I'm in.
Head and Shoulder (Top) #STLDEntry - $40.56 at close
Stop - $43.50 - Will adjust lower
Target - $33.00
Detected possible stock repurchaseSTLD: steel dynamics inc
2018-09-04 09:45:05
Detected possible stock repurchase
Above 2008 HighsThere is a before and after in modern history when it comes to stock market Indexes
because between 2007-2008 all the stock market hit a new high before drop
Then this highs become the reference for all the stocks who drop with the index
Then look around March 2009 when the stock market rebounded and the major companies started to show strength
(Except the Financial Industry)
that was the beginning of a bull trend that still remains but for all it was not the same story
some have not been able to overcome those 2008 highs and others have already exceeded their 2008 highs
but in this case it was a short time ago (December 2017) who could overcome the highs of 2008
This fills the owners and employees of this company with optimism and this will be reflected in the price of the stock
Now look the chart and pay attention to the (red arrows)
Remember the concept, resistance becomes support (red arrows)
STLD Long IdeaSTLD, appears to be breaking higher out of the bull flag. With the entire sector moving higher like X, AKS, AA, CENX, I think this is a low risk play here. Should be good as long as we stay above the 50SMA.
STLD, set to run?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.
