NYSE:RS   Reliance Steel & Aluminum Co
Broke up into ATH ( All-time-high ) on 28 Feb on strong volume . Have been forming a bull flag since. Buy the next break up of this bull flag as the momentum remains strong.

p/s I may also attempt to buy if it retest the resistence turned support level around 179-179 with a tight stop loss slightly below the support.

Theoretical "cup" target is around $221. Let's see if it is able to reach there.
Protect with trailing stops or scale out along the way.


Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you.


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