25/Nov/2019 10:38 AM AUTHOR: Brandon Gum
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Whole sector looks like this rn.
Giving a deep stop for the time being.
RSI on all timeframes at inflection points
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The US v. China trade war is heating up.
Until recently, the nations appeared to be making progress.
That was until President Trump raised tariffs on $200 billion in Chinese imports from 10% to 25%.
The news sent the S&P 500 down 3% in the next two trading days. But not all stocks suffered.
That’s because some stocks actually benefit from tariffs.
I’ll show...
Opening 2 sell orders on Nucors, risking 0.5% of capital each, the first with 1:1 R:R, the second 1:2 with optional trail stop if everything goes well
Reasons:
- Doji formation
- GAP to close
- Overbought
- Near SMA200, put SL over SMA200
Trump's catalyzed US Steel markets from his wall. Confluence at the $60 mark for NUE short term target. Could hit target at second time based Fib projection if the volatility slows down.
We are still in the bearish shark reracement. It has not yet hit the 50% FIB level.
Once @ 64.50 Long to the 50% FIB level of the Bullish Shark /61.8% Bullish Crab FIB Level.
if you look at my past publication, called: (A trend with Moving Average)
The name of the company was POSCO-(PKX) Industry: Basic Materials-Sector: Steel & Iron.
And this post is about Nucor-Corporation listed in the same Industry and Sector
What I want to expose?
Assortment and options, because I can put ideas that suit every investor and he can choose what...
Nucor is a leader in the U.S steel industry. Currently economies around the globe are undergoing synchronized growth. Steel prices rise as economic activity picks up because expansion coincides with increased construction activity. Two additional bullish events that could boost demand for steel are the passing our an infrastructure spending bill and tariffs on...
Nucor Corporation (Nucor) manufactures steel and steel products. The Company produces direct reduced iron (DRI) for use in its steel mills. It operates in three segments: steel mills, steel products and raw materials. The steel mills segment produces and distributes sheet steel (hot-rolled, cold-rolled and galvanized), plate steel, structural steel (wide-flange beams, beam blanks, H-piling and sheet piling) and bar steel (blooms, billets, concrete reinforcing bar, merchant bar, wire rod and special bar quality). The steel products segment produces steel joists and joist girders, steel deck, fabricated concrete reinforcing steel and cold finished steel. The raw materials produces DRI; brokers ferrous and nonferrous metals, pig iron, HBI and DRI; supplies ferro-alloys, and processes ferrous and nonferrous scrap metal. It also processes ferrous and nonferrous metals and brokers ferrous and nonferrous metals, pig iron, hot briquetted iron (HBI) and DRI.
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NUE
