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Olympic Steel's 15min chart shows KDJ Golden Cross, Bullish Marubozu.
ByAinvest
Friday, Aug 15, 2025 1:47 pm ET1min read
According to the 15-minute chart for Olympic Steel, a bullish trend has emerged, as evidenced by the KDJ Golden Cross and Bullish Marubozu at 08/15/2025 13:30. This indicates a shift in momentum towards an upward trajectory, suggesting potential for further price increases. With buyers dominating the market, it is likely that the bullish momentum will continue.
On August 15, 2025, at 1:30 PM, Olympic Steel's 15-minute chart displayed a significant bullish signal with the occurrence of a KDJ Golden Cross and a Bullish Marubozu. This technical indicator suggests a shift in momentum towards an upward trajectory, signaling potential for further price increases. The presence of buyers in the market indicates that the bullish momentum is likely to continue.The KDJ Golden Cross, characterized by the crossing of the KDJ lines, is a strong signal of a bullish trend. The Bullish Marubozu pattern, marked by long candlestick bodies with no shadows, further reinforces this positive sentiment by indicating strong buying pressure. These indicators align with Olympic Steel's recent performance, which has shown resilience despite market volatility.
Despite the bullish signals, investors should remain cautious and monitor the company's fundamentals and broader market conditions. Olympic Steel's earnings report for the quarter ended June 30, 2025, showed a 45 cents per share adjusted earnings, which was lower than the same period last year but within the expected range. The company's net income remained positive, indicating ongoing profitability.
Investors should closely watch Olympic Steel's performance and stay informed about any developments in the global steel market, which could impact the stock's performance. While the technical indicators suggest a bullish trend, it is crucial to consider the company's fundamentals and broader market conditions to make informed investment decisions.
References:
[1] https://www.ainvest.com/news/olympic-steel-15min-chart-triggered-kdj-golden-cross-bullish-marubozu-2508/
[2] https://www.tradingview.com/news/reuters.com,2025:newsml_L8N3TS3QQ:0-olympic-steel-inc-reports-results-for-the-quarter-ended-june-30-earnings-summary/
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