Replies to post #19035 on lowtrade

[boogaloo]

conestoga, STLD: Target = breakout price + (breakout price - formation low candle body)

14.91 + (14.91 - 13.34) = 16.48 which is only 10.5% gain.

Looks like there's resistance just prior to 16, so I'd probably take half off there. But that's just me.

[TheBioTrader]

STLD target around $16.5 area but I can't draw anything now to show you. There are gaps below the current price can bring this down soon to fill the gap.

[lowtrade]

STLD

Hit 1st resistance today (15.75) ascending triangle target $17.00 +/-. May base at 1st resistance and fill the last gap below to 15.25 in the next few days.

http://stockcharts.com/h-sc/ui?s=STLD&p=D&yr=0&mn=9&dy=0&id=p67289611960