BSL 0.91% $21.06 bluescope steel limited

Possible Bottom Alert ?, page-49

  1. drg
    1,233 Posts.
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    Was looking slightly positive short term until today. Nudged above the 20 DMA a few times the last couple of days... first time in a long time. 


    A triple bottom might be forming, which might actually be a good thing. If it does this then breaks out above the resistance line it will be a positive. We seem to be finding some sideways support around these levels... 


    A few stocks I follow are all doing a similar thing... for example ALL. Bit of a tight range developing after fairly relentless sell downs.


    Unfortunately just need a few good sessions on the DOW to give us hope of an upward movement. 

 
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