STEEL LONG Long

VanEck Steel ETFArca

Description

⋅ Feb 4, 2024 11:24 PM

Steel has been contracting and is ripe for a huge move. This is a long term trade 3 months to a Year.

Look for steel stocks like NASDAQ:STLD NYSE:CLF NYSE:NUE

This is from studying other minerals which have broken out for Huge moves. 80% plus on average. If you leverage your position. You can squeeze a 120% return from a 80% move.

Coal led by NYSE:AMR NYSE:HCC

Uranium led by NYSE:NXE AMEX:UEC NYSE:CCJ

Trend Analysis