BSL – Bluescope Steel Limited

Stock : BSL – Bluescope Steel Limited

Current Price : 11.26

Status : On watch for higher low

BSL has been contracting off the highs from mid March and is showing early signs of building a higher low for a continuation move higher. We need to see 11.00 hold or even a washout of this clear support level prior to a higher low. Once we get the evidence of buyers stepping in (Higher low) the we are looking for a push up out of contraction. From there its a matter of watching for the buy entry setup.