Steel Dynamics, Inc.

Long

STLD, set to run?

Updated

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.

Note

Still watching STLD. Look for a tag of the lower trend line with reversal or a break above the upper trend line with stops just below. Its not ready to buy yet.

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Note

Looks to be breaking out higher from the bull flag. A good trade ahead I believe.

snapshot

Note

Breakout and back test or false breakout into major drop? Too hard to tell, not taking a trade yet.

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