Dear traders, Id like to share this idea in order to take long positions 30- 33$ is is a good price range to look for buying opportunities. Additionally RSI is clearly oversold and prices already went down quite aggressive. best,
Dear traders, Looking for buying positions in Exelon are a good option if you are up to hold them in your portfolio, is is in a nice price area around 30 -35$. buy and hold best all,
Exelon Corporation is one of the nation's largest electric utilities. The company has one of the industry's largest portfolios of electricity generation capacity, with a nationwide reach and strong positions in the Midwest and Mid-Atlantic. Exelon (Nasdaq: EXC) is a Fortune 250 company and the nation’s largest utility company, serving more than 10 million...
1. V-Shape Correction: A standout feature in the recent price movement is the V-shape correction. This formation often indicates a sharp reversal in trend. After a swift drop, the price has recovered with equivalent vigour, suggesting a possible change in sentiment among traders and investors. 2. 200-Day Moving Average: The stock has had significant interactions...
Excelon Corporation (EXC) is traded bellow down slopping resistance, however horizontal support is being respected since beginning of 2023. Price is approaching a support line marked on a chart. Entry point: Consider entering a long position when the price reach recommended entry price: 39.35. Stop loss: Place stop loss below support line. Recommended stop loss...
Exelon is seeing gains with the energy sector as oil moves higher this week. Price has formed a complex inverted H&S pattern with price recently coming up off a second right shoulder and is currently testing the neckline. Price is currently trading above all MAs(8,21,34,50,100,200) and the shorter MA's are crossing above the longer MAs indicating a shift to...
NASDAQ:EXC is coming to a strong resistance level at about 39.00. In the past, we often had reversals in this zone. After the big momentum, the probability of a correction is high.
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ComED is on the edge of completing the 1.618 extension of this Perfect Bearish AB=CD: So long as it can hold above the 1.13 everything should be fine. I will be playing this via options by buying some calls in the $40s that are a couple months out and when the 1.618 is hit i will consider flipping my position.
We can see if $EXC goes down it is headed for weekly support...potential pressure point.
Leader from the Utilities Group (strongest downtrending group today) - The moving averages appear what I like to call "stacked" in the bears favor. A look at the volume shows it extremely low at this time with recent major points of inflection to favor the short side of volume.
The PEAD projected a Bullish outlook for $EXC after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
The PEAD projected a Bullish outlook for $EXC after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 60%.
$EXC breakout after consolidation phase - volume is not ideal
The PEAD projected a Bullish outlook for $EXC after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 75%.
The upper timeframe Trend is bullish I should have bought the stock 4th of March as it has broke out the previous high, but i think now I have a better price and a better stop loss. The pre-market price is at 44.07 so i will put a stop order at 44.08 My stop loss is at 42.2 under the 50 SMA, my take profit will be at 51 a weekly major resistance
Utilities name are usually not a go-to for swing traders as there is tendency of choppy price action around its MA, and low ATR% $EXC however, behaves superbly as an utility stock with history of trading consecutive up days on several occasion in 2021 alone. ATH currently
Exelon has room to run upwards and shows bullish momentum. New highs are being made, I bought some $55 calls expiring Nov 19, costin 17c per contract.