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.
Comment:
Fly baby! Fly!
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.
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.
Comment:
Watch the reaction at daily trend line. If taken out, then off it flies.