BlueScope Steel (ASX:BLS) is a world leading provider of steel materials, products, systems and technologies. With headquarters in Australia, BlueScope has operations spread across the globe, with offices in 18 countries. With an increasing focus on climate friendly products and a sustainable future, the outlook for BlueScope Steel is looking good.
- Strong rebound from support zone at $20
- Strong rebound from double top pattern, now looking to break through resistance level
- Consistently increasing closing price over the past week
- MACD looking to cross above MACD (EMA) indicating a buy signal
Red/Yellow – MACD
Blue – MACD (EMA)
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