BSL – Bluescope Steel Limited

Stock : BSL – Bluescope Steel Limited

Current Price : 11.395

Status : On watch for push out of contraction

BSL has nice price structure for a continued move up but still has some work to do before the bulls are happy. Price is contracting off the highs at 13.42 holding lower highs and lower lows. We are now watching for 11.00 to hold as support and price to move up to 12.00 and above to confirm a move out of contraction. From there, its all about the setup.