straps

Going short on NUCOR

Short
straps Updated   
NYSE:NUE   Nucor Corporation
Opening 2 sell orders on Nucors, risking 0.5% of capital each, the first with 1:1 R:R, the second 1:2 with optional trail stop if everything goes well

Reasons:
- Doji formation
- GAP to close
- Overbought
- Near SMA200, put SL over SMA200
Trade closed: stop reached
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.