#016 | US Stocks
The complete idea behind this newsletter is not to make you think of it as a ‘get rich quick scheme’. If you’re reading this, you have already gone through the description and the disclaimer in detail.
Also, this is the effort of multiple stakeholders involved with Alpha Swing. My job is to hit send.
Steel Dynamics Inc.
We can see that Steel Dynamics Inc. has formed a Pole and Flag pattern. The same is also supported by the volume shelf.
This adds to our bullish bias for the stock.
Malibu Boats Inc.
We can see that Malibu Boats Inc. has taken support at the marked levels.
After reaching a peak level, the same acted as resistance and the stock took a downward trend to take support again at the initial level.
The strong closing above this level adds to our bullish bias for the stock.
(Volume Shelf is an exclusive feature available only on Trendspider.)