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Look for a long on CIG on the break of upper channel.

Long
Comp En De Mn Cemig (NYSE:CIG)  
PMT_Trading  
NYSE:CIG   Comp En De Mn Cemig
Wedge Parallel Channel Support and Resistance LONG wedging
2
1
wedgepattern parallelchannel supportandresistance long wedging
Utilities Sector finished strong last week, and if momentum continues look at CIG closely for long play over the upper channel trend line.

DISCLAIMER: This is not a financial advice, so please do your due diligence.

Also for more in-depth analysis of our trade ideas please check out our YOUTUBE channel @PMT Trading.
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