Technical Analysis We have a breakout on strong intraday volume (200% above 10-day average).
RSI @67 - still not overbought. OBV has been supportive.
Because we are in a longer down-trend, we will see multiple resistance; which will very helpful to set your limits. Risk reward ratio is great, using $32.3 as stop-limit loss, and $39 as a sell-exit.
Be careful of a fake break-out, as this is only the 1st day.
Fundamental Analysis One of the infrastructure plays with expected fiscal stimulus, could be steel.
As price is king, it tells a more accurate story of what market makers think of the upcoming events.
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made a failed breakout to re-test the 50sma. Breakout level was made again; since then its increased 17%