Still a Steel ; make that a Steal I am not a big fan of chartists or their supposed support levels . I believe a stock moves on fundamentals ( Stelco gets an A for this ) and market conditions . The two issues - 1) The Covid varient has not gone away and creates uncertanty and 2 ) The automotive chip shortage ( I could vever figure that one out ) . If We can get by the market conditions , I think this stock will rise substantially . I don't really see steel as cyclical . You need steel to build cars , pipelies , bridges , buildings , almost every big structure has steel in it . If you think there will be infrastructure spending , then buy Stelco .