Steel Dynamics Inc (STLD)

[ospreyeye]

$STLD Chart – currently trading above the middle Bollinger Band @ 21.78 – that is the Key level to close above & turn into support – $STLD closed below the middle BB on the 12th starting a downtrend – when $STLD turns the middle BB into support a new up trend can begin –

RSI @ 58.01 & in the “bull zone” – Fast Sto @ 78.32 & hitting the 80 overbought/power zone – checkout the last 2 weeks of April on Fast Sto – $STLD has a history of heading higher in the “power zone” – light volume today – the MACD Line is starting to hook up – keep an EYE out for a bullish crossover –