head and shoulders looking better on hourly chart (not confirmed yet) if it drops any lower we going back to 80s. MacD going down already same with RSI i see it bearish short term long term should bounce again and head higher just slight correction :) keep heads up and watch if the head and shoulders will be confirmed. NYSE:NUE
$NUE seeing a small H&S.Can test $97ish area.
NUE looking bearish with a beautiful head & shoulders pattern (bearish pattern) BlueWave giving Bearish Divergence and a red dot sell signal
LIke and Follow us for more idieas! NUE is at all-time highs. BlueWave gave a red dot signal RSI is overbought.
Did you miss stocks, wolves?🔥 Crypto market is on a rest, that's why let's have some trade on stocks. There is Symmetrical Triangle on NUE stock. There was a strong and confident bullish sentiment before. So it could be a good signal for bulls to trade. However do not rush the trade and wait for clear signal. According to Elliott Wave theory all the waves are...
Ascending triangle makes new highs to resume upward momentum... Momentum continues upwards
With a potential of $2T to be invested on infrastructure, NUE, a producer of steel and related products, could see significant growth. The current trajectory looks good: - RS Line at new high. - Price at new high. - Earnings and sales growth. - Volume is well above average.
Historically after indicators reaches highlighted zones correction begin, but in case of suez canal and global demand - continuation is also possible. On weekly chart RSI is also overbought. Keep watching.
81 is the all time high, but it has triggered a bull and NUE is now on its way up towards that previous high!
I’ve been following Nucor for a few weeks now and have noticed it’s strong uptrend. It just broke it’s all time high and on it’s way up to form a new high. If I were you I would consider adding this stock to your portfolio before it hits $100 by the end of the year, maybe even sooner!
NUE is not a sexy, high short interest stock like X or CLF, but it is steady and actually financially stable. With Biden and the House and Senate all united there is a great chance finally getting some infrastructure improvements. Furthermore NUE actually pays a dividend. Technically: -clear channel -bounces off the 50ma