A clean Ascending Triangle often precedes a big move. Validate your entry.
Bullish continuation pattern.
Traders are watching Nucor (NUE) as price action tightens. Price has moved to $254.32 (0.36%) amidst recent volatility. Price action has carved out a classic Ascending Triangle. The trend indicator is reading 62.9/100, suggesting high momentum. A potential breakout level is identified at $264.67, targeting $315.21 with support near $239.43 (R:R 2.0).
What is your outlook on NUE?