$NUE
Added 2024-12-20 13:26:23 +0000 UTCIn a very clear ABC correction as the price tests the 0.5 Fib now at $115
Failure to hold this level and the next test is the 0.618 Fib at $95, this a Steel company that could do very well over the next few years if there is spending on infrastructure, both in the US and China.
Fundamentals already look good here but the concern is their growth in the short term.
As a long term play, I like it.
