A clean Rounding Bottom often precedes a big move. Validate your entry.
Gradual reversal from bearish to bullish.
NUE is showing interesting structural developments at $190.04. With a last close of $190.04, volatility remains active (0.2%). The primary technical feature is a Rounding Bottom formation. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $191.62, targeting $228.63 with support near $173.12 (R:R 2.0).
What is your outlook on NUE?