Price came down and pinned the monthly fair value level and is holding, so price is ready to go higher. Buy on any pullback below Friday's low with a stop at 53. Friday's price came back down to test the fair value of this little trend channel and the volume
was a bit high, so i expect a low volume
test on Monday to buy on. Target is at liquidity - $59..
October's Monthly chart showed a strong rejection so this month should end up much higher to catch up to the S&P 500
Another bonus is that according to equity clock.com this is the strongest time of year for NUE
in which it beats the s&p500
and , it beats its sector.