Steel Dynamics

3 gün önce

STLD bounced from the long term multiyear trendline
Steel 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

3 gün önce

Not

Rejected by the daily 200 SMA