Steel Dynamics ( NASDAQ:STLD ) reports current quarter guidance that was above estimates as it sees profitability potentially stronger than the previous quarter. The steelmaker said the gains were driven by its flat-rolled steel operations. Steel Dynamics added that because of its confidence in the business, the company repurchased 1.4% of its stock so far in the...
STLD is hanging on by a thread. A trigger of this neckline may be a good spot to short or play puts.
$STLD 6% upmove from 122.50 to 130 Technicals : 1. Monthly - bullish 2. Weekly - bullish 3. Daily - RSI Positive Reverse Divergence Trade setup : 1. Entry : 122.50 2. Stop Loss : 119.75 3. Risk : 2.75 points 4. Target : 130 5. Profit points : 7.5 points 6. R/R : 2.75 : 7.5 = 1:3
Steel has been on a rip. New 52 week highs in: STLD steel 999 sctr rating SLX steel 996 sctr rating ZEUS steel 974 sctr rating (see stockcharts.com for definition of sctr rating). Barchart has a strong buy on the ETF, with acknowledgement that reopening China is good for business. But before I would jump on the FOMO bandwagon, I would take note of the very...
Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on May 27, 2022 with a closing price of...
Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on March 25, 2022 with a closing price of...
NASDAQ:STLD Possible Scenario: LONG Evidence: Price Action TP1~ 52$ TP2~ 54$ Call options, Strike 55, 08/20/2021 This is my idea and could be wrong 100%,
Making a pretty drastic change in the exit strategy; well, same strategy just tightening up the stdDev multipliers a LOT. new stop loss is going to be just 10% what it was, trailstop activation trigger is cut in half, and trail stop is going from 0.25 to 0.1. These are all configurable in the script. been doing some backtesting and it seems like this tactic of...
We have been in and out of Cliffs for a while. Recently, the stock again popped up on our scanner. Cliffs is the oldest iron ore company founded in 1847 We did hear a rumor of a possible buyout / merger and even the potential for the company to go Private. If either of these rumors pan out, we think the stock is worth at minimum, $20 all day long! Currently...
Entry - $40.56 at close Stop - $43.50 - Will adjust lower Target - $33.00
STLD, appears to be breaking higher out of the bull flag. With the entire sector moving higher like X, AKS, AA, CENX, I think this is a low risk play here. Should be good as long as we stay above the 50SMA.
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.
STLD's chart is massively bullish, the same as copper, iron ore futures, AUDUSD, and other correlated instruments. The setup here confirmed some time ago, but it's relevant as an analysis piece now. Most people are bearish on equities but I believe we're seeing the bottom here, or very close. Rising commodity prices seem likely going forward as well, which will...
Upper MLH is reached, the next stop is the centerline. P!