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Infrastructure

Infrastructure Bill helping SteelTechnical Analysis We are breaking out to a 52-week high, with heavy volume (100%+ stronger volume intraday vs its 10-day average volume) First measured move target is at $32, which is coincidental with a Fibonnaci 61.8% level. OBV is supportive of the overall uptrend. ~~~ Take a look at USCR (US Concrete) which is rallying in my opinion based on the same infrastructure scenario. If you would like a chart analysis on this symbol, please let me know.
NYSE:X
by dorfmanmaster
go long MLM. will benefit from infrastructure billMLM has been building strength and continuing. Although sometimes a high RSI means something is overbought, sometimes it can signal strength. Every time the RSI and MACD spike, it ends up being a sign of building strength and momentum in MLM as marked by the blue vertical lines. There was a bullish Golden Cross and with the infrastructure bill around the corner, MLM stands to be a huge beneficiary. Fundamentally, they are reducing debt and increasing profit margins while beating on earnings 3 out of the last 4 times. Short-term price target: $368-$375. Plus in the meantime, you'll collect a dividend. Long-term price target: $420
NYSE:MLMLong
by EBITDAtiger
2
Steel long-term fate1 candle = 1 month. Which shows us a 10 year down-trend which is about to be tested. If we break R1, R2 is the next potential move. Since early november we haven't broken the 10sma, which can be used to exit half your position. Fundamentally speaking, it appears the market is expecting the stimulus bill which might come in the next months, and will most likely help the Infrastructure play. RSI is 62 on a monthly basis, on a daily basis it is 80. I would keep it on a watchlist until we break this downtrend, if you haven't been able to participate so far. Check out my last analysis on Steel since late october down below.
AMEX:SLX
by dorfmanmaster
L&T | AnalysisAs we know Budget 2021 of INDIA has been there and its main focus is on the infrastructure. So, It may be good to have a Good Stock based on this in our watchlist. So, Let's come to the Point, Should you buy this Stock ? Let's See the Analysis first and then we'll conclude the Buy/Sell Call --> In the Chart we can see that the Rectangular Range is there which is tested well and Price is fluctuating in it for a long time. Also, In the hourly chart we have the Descending Triangle which serves as the reversal pattern because Bears are pushing the price at the same level while Bulls are not able to. As a result, Descending Triangle forms with trendline at the top with decreasing buyers momentum and Baseline at the bottom indicating the constant seller's momentum. But RSI indicates that there is a support and It can jump from there, So, We should wait for the breakout. So, at the end we have two different scenarios that are either the stock will follow Path 1 or Path 2. So, wait for the breakout and follow the Path accordingly.
NSE:LT
by alphadecodetrade
X Looks like a great Year-long PlayInfrastructure stocks surged recently and are beginning to retrace a bit. While the Stochastic indicator appears to be breaking down, the trend is strong and the cyclical nature of the stock leads me to believe that this is something I want to hold in my portfolio. For cheap plays, I'm looking to add Jan 22 25-35 calls. At 1.60 to 1.80, given the trend line projection, some profit seems assured. If any infrastructure legislation goes through, this stock could easily see 40, but even that would appear to be base-building. Have a pilot position already before it surged but will start adding some call spreads here and should we get more decline, which is quite possible as the overall market is starting to look weak, I'll add more. I plan to update my thoughts on X throughout the year. So stay tuned.
NYSE:XLong
by Glewis54
Buy CELR / layer 2 scaling will be big @ Solid Support!Buy CELR / layer 2 scaling will be big @ Solid Support! Celer Network is a leading layer-2 scaling platform that enables fast, easy and secure off-chain transactions for not only payment transactions, but also generalized off-chain smart contract. It enables everyone to quickly build, operate, and use highly scalable decentralized applications through innovations in off-chain scaling techniques and incentive-aligned cryptoeconomics.
Long
by HodlTradeCrypto
Undervalued Steel BreakoutTechnical Analysis We have a breakout on strong intraday volume (200% above 10-day average). RSI @67 - still not overbought. OBV has been supportive. Because we are in a longer down-trend, we will see multiple resistance; which will very helpful to set your limits. Risk reward ratio is great, using $32.3 as stop-limit loss, and $39 as a sell-exit. Be careful of a fake break-out, as this is only the 1st day. Fundamental Analysis One of the infrastructure plays with expected fiscal stimulus, could be steel. As price is king, it tells a more accurate story of what market makers think of the upcoming events.
AMEX:SLX
by dorfmanmaster
LONG SOL breakout on volume !LONG SOL breakout on volume ! Solana, the company, is the open-source project building the Solana protocol. The company was founded in 2017 by former members of Qualcomm's engineering team. Solana’s founders launched the project in search of a scalable and energy-efficient alternative to Proof-of-Work (PoW) blockchains. Solana is a public base-layer blockchain protocol built from the ground up and optimized for scalability. Its goal is to provide a platform that enables developers to create decentralized applications (dApps) without needing to design around performance bottlenecks.
Long
by HodlTradeCrypto
BUY EWT - Lower End of Value Range Energy Web Chain is an open-source, scalable blockchain platform specifically designed for the energy sector’s regulatory, operational, and market needs. Founded in early 2017, Energy Web Foundation (EWF) is a global, member-driven nonprofit accelerating a low-carbon, customer-centric electricity system by unleashing the potential of blockchain and decentralized technologies. EWF focuses on technology integration and development, co-creating standards and architectures, speeding adoption, and building community. In mid-2019, EWF launched the Energy Web Chain, the world’s first enterprise-grade, open-source blockchain platform tailored to the energy sector’s regulatory, operational, and market needs. EWF also fostered the world’s largest energy blockchain ecosystem, comprising more than 100 utilities, grid operators, renewable energy developers, corporate energy buyers, and others. A subset of Energy Web members serves as validators for the network, while EWF continues to build out features for the core blockchain, a series of software development toolkits for building energy-sector applications, and other modules that together make up the EW-DOS (decentralized operating system).
Long
by HodlTradeCrypto
4
FANTOM is on the verge of an important breakout !If you followed me since June, you know that we are in FTM since around 60 satosi. So we are already up 200% in a matter of 2 months. However the big gains are still ahead, that is why I did not sell a single token. FANTOM is big and will play a key role in the infrastructure of smart cities in Asia ! We are approaching important resistance at 180 - 190 satoshi level. However I think we will soon overcome this hurdle because FTM is showing strenght ! Look at the RSI which is forming a beautiful cup & handle. This pattern will complete once we approach resistance and will provide the necessary power to slice through it !! Watch this one closely !!
Long
by Dangermousebanana
9
MTL WW on openWith the rumor of a $1 Trillion US infrastructure bill to help put Americans back to work and revitalize the US economy, I believe we will see a lot of money getting poured into materials. "MTL engages in mining, steel, and power businesses in Russia, Asia, Europe, the Commonwealth of Independent States, the Middle East, the United States, and internationally. Its Mining segment produces and sells coking, metallurgical, and steam coal; coke; chemical products, including coal tar, coal benzene, and other compounds; and iron ore and iron ore concentrates. The company's Steel segment produces and sells semi-finished steel products, long steel products, and carbon and stainless flat products; ferrosilicon products; and pig iron, as well as metal products, including wire products, stampings and forgings, structural shapes, beams, and rails. Its Power segment generates and supplies electricity, heat energy, and other power resources to third parties." Will be watching this at open for a break of $2 and confirmation of new support. Will get in as close to $2 as I can after support confirmation. Stop at $1.72 PT1 $2.23 PT2 $2.77 PT3 $3.00 I plan to scale out at these 3 price points and scale in on the dips.
M
by Crispier-Bacon