Strong Uptrend in green
The basis of this analysis is the strong uptrend and its support capabilities
Consistent rejections have been seen off the green trendline
Bullish support
I have a position in FTS which I will be selling.
_________________________________________________________________________________________
Fortis released their annual earnings report:
www.fortisinc.com
Fortis is an electric and gas provider, diversified in the North American market as well as Caribbean countries.
I would highlight that this is one of...
My position i bought Friday is in the green and stop moved right below that support line. I posted about why i bought this before the breakout on Friday (link below).
I am expecting more upside tomorrow. Earnings on the 30th.
Bought some FTS on Friday. Interesting setup inside the rectangle pattern. price tested upper boudrey resistance and pull back into 4 support areas conversing. 20 EMA, 200 EMA and small daily gap on July 15th AND short term breakout pullback! Worth a shot. I normally wait for the breakout but this one is interesting to watch how it will play out.
Utilities were up 8% last week. That sector picked up steam and NYSE:FTS forming one of my favorite chart patterns #rectangle. Watching price action next week for a long entry.
Fortis is one of my favourite companies: after all, in an unstable environment that we are currently in, with a likely recession right before our eyes, investors should be seeking undervalued, defensive and dividend aristocratic stocks.
I personally own about 2500 shares of the company and always looking to buy more. This is one of the few companies that has...
We can see a bearish harami which may signal the start of wave 4 and it is coming down from an extremely high rsi of 87 with the macd ticking down. We can see that the 55 ema is approaching the trend line ,which in my opinion is a likely pivot point as it will be a point of both static and dynamic support. But there is also other areas of support that may...
