Despite the sell off in broad market, EIX seems to be having a very nice day. Rejection of PPO crossover and weekly energy release should send this baby much higher.
Note
Watch the reaction at daily trend line. If taken out, then off it flies.
Note
Fly baby! Fly!
Trade closed manually
This baby has given me solid and bullet proof gains on a week. With SPY and QQQ experiencing some major down days in between.Price now faces resistance and shows weakness. May still be interesting should 9 day moving average takes out 50 day moving average, however I'm now leaning towards the scenario of a pullback, which may suggest some chopping or even break down for a lower low.
Don't want to but have to kiss her goodbye.
Note
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.