Multiple tops with a recent Triple Top.
Price is still above the Neckline which is strong support until broken. The neckline is usually drawn where the shoulders touch down before price goes up once again so the neckline has served as support on multiple occasions for NUE.
Pattern valid with a break of the neckline and a confirmed downtrend. Some wait for the retest of the neckline as it is often retested after being broken.
No recommendation.
Short interest is around 3.25%. Short with a break of the neckline and a confirmed downtrend.
No recommendation.
Price is still above the Neckline which is strong support until broken. The neckline is usually drawn where the shoulders touch down before price goes up once again so the neckline has served as support on multiple occasions for NUE.
Pattern valid with a break of the neckline and a confirmed downtrend. Some wait for the retest of the neckline as it is often retested after being broken.
No recommendation.
Short interest is around 3.25%. Short with a break of the neckline and a confirmed downtrend.
No recommendation.