Sunday, October 24, 2010

A couple of steel stocks look interesting.

A couple of steel stocks caught my attention this weekend.  SID had a nice hammer on the lower band of the rising trendline with rising RSI. 

POSCO also is firming up along a similar trendline.  My final confirmation for either of these is a cross of 3/6 EMA.

TT channels look large enough for a decent run.  Our stop area seems well defined along thalower trendline.

No comments:

Post a Comment