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Steel Dynamics, Inc.
Long

Steel Dynamics

STLD bounced from the long term multiyear trendline
Steel demand not going anywhere (I'm not an expert but don't see it going down simply because of steel's versatility and usage)
high volume node and 50/200 daily SMAs above that can act as resistance, I accumulate shares every month, so not playing the shorter term
Note
Rejected by the daily 200 SMA
siddheshmuley1462
Chart PatternsTrend Analysis
siddheshmuley1462

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