Nucor Corporation (NUE)

[warfaretrader]

Good post Raw! Nucor has an enormous amount of resistance to get through with both the 50ma @ $118 and 200ma just overhead @ $122, not to mention numerous resistance levels through the $125 range dating back to August of 21. Definitely an uphill battle for sure. A good quarter would already be priced in the question will be forward guidance going forward and how is that digested by the markets. On a positive side the markets have been shrugging off bad news as of lately and i expect all markets to rally here for a minute which might get you through those levels. GL $IDGC $VGLS $GRLF $QBAN $OPTI