gumbtg

Long idea - Metals

Long
NASDAQ:STLD   STEEL DYNAMICS INC
19/Nov/2019 09:48 AM AUTHOR: Brandon Gum
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Peer group is all setting up the same way.

Should one consider longing? --->
1.) Look at ETF and peer group. Do they all suggest upside potential?
2.) Determine where you think it can go, both upside and downside. Is the RR there to?
3.) Is there fundamental support for these equities to do well right now? Or are the actually facing more fundamental pressure than support in conjuction with this technical setup. (Look at valuations maybe???)
4.) Identify the long term trend ---> How does that affect us on the weekly timeframe . (Im not sure, so share your thoughts)

Im just an engineer interested in the financial markets. Trying to approach logically.

What are your thoughts. Provide comments below!!!!
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