You simply can't ignore the fact that the steel prices are too high, but at the same time companies are saying that they are seeing some revival in demand. The 200 Day EMA can act as a helping hand to bulls but since the last trendline breakout the stock is continuously making lower high and lower lows if that stays true, then there is still some correction left. I have mentioned the levels but if things go differently trade accordingly.
Trade fermée manuellement