Stock Market Commentary by full-time trader and best selling author Bob Kudla AKA "BobLovesHawaii"
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.
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