$STLD - bullish trade setup Long
Steel Dynamics, Inc.NASDAQ
Description
⋅ STLD 6% upmove from 122.50 to 130
Technicals :
1. Monthly - bullish
2. Weekly - bullish
3. Daily - RSI Positive Reverse Divergence
Trade setup :
1. Entry : 122.50
2. Stop Loss : 119.75
3. Risk : 2.75 points
4. Target : 130
5. Profit points : 7.5 points
6. R/R : 2.75 : 7.5 = 1:3