Rookie398476049358670

EIX could go much higher

Long
NYSE:EIX   EDISON INTERNATIONAL
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1
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.
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Watch the reaction at daily trend line. If taken out, then off it flies.
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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.
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