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.
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
- Doji formation
- GAP to close
- Near SMA200, put SL over SMA200
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...