Moving averages indicate bullish behavior. Fib retracement +- pullback level + candlestick formation. Target is near-by resistance, exit is below candlestick formation
There are quite negative remarks by some fundamental analyst in regards to steel demands but Nucor seems to keep its business above water. The chart shows an "Upside Breakout" although the next three preceding bars shows the market's hesitation to move upwards, the previous trendline seems to be at work at the moment. There are 21 days left before the Option...