As the steel maker makes an upside breakout -- here's where traders should look to buy the dip.
Wait for a consolidation pattern before probing the long side.
I would take a more cautious approach with MP.
After a strong run in the materials company's shares the charts are turning just OK, which calls for caution.
Usually commodity bull markets start with a supply shock, but maybe this time is different. Let's compare the 1970s to what we're seeing today.
Two potential top reversal patterns on the weekly chart give us pause when it comes to buying the aggregates supplier's shares now.
Let's review the charts and indicators.
This wood products maker is close to a major breakout.
Here's our strategy now.
Here's where I'd raise stop protection on this name, based on the charts.