I will keep updates from now on as best I can before the market close- 3:50pm est
1/4/17 buy nue at 61.25
NUE close today was right on 12/30/16 high of the red candle, one cent away from closing above that which I would prefer. But there was strong volume today and the materials xlb fund closed with a green candle above last lowest red as well.
NUE coming out of oversold STO with 50MA acting as support with green candle close -BUY
( 4 hr chart does show signs of potential pull back so there might be room to buy in lower)
I would sell half the shares at 67 and lock in 9% gain and let the rest run till I see weakness
I don't place stops because the end of the day decides what I'll do. If it closes below 50MA with oversold sto I would sell.
1/4/17 buy nue at 61.25
NUE close today was right on 12/30/16 high of the red candle, one cent away from closing above that which I would prefer. But there was strong volume today and the materials xlb fund closed with a green candle above last lowest red as well.
NUE coming out of oversold STO with 50MA acting as support with green candle close -BUY
( 4 hr chart does show signs of potential pull back so there might be room to buy in lower)
I would sell half the shares at 67 and lock in 9% gain and let the rest run till I see weakness
I don't place stops because the end of the day decides what I'll do. If it closes below 50MA with oversold sto I would sell.