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takemoreprofits
Jan 8, 2018 12:04 AM
ES - Stochastic divergence in a falling wedge on support
Long
NYSE:ES
1D
Eversource Energy (D/B/A)
NYSE
Description
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Jan 8, 2018 12:04 AM
Eversource Energy (ES) has stochastic divergence at the breakout point of a falling wedge on trend line support. 200 ema touch. Reversal Candle.
Buy: 62.10
Target: 63.18 - 64.31
Trend Lines
Wedge
Oscillators
Divergence
Exponential Moving Average (EMA)
Comments
Uwe999
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Jan 8, 2018 2:14 AM
I like the chart - have been eyeing utilities for the last couple of weeks, they are pretty beaten down and DJUSUT is about to hit the next support level.
If the TNX breaks out to the upside it could lead to further downward pressure for utilities
More
If the TNX breaks out to the upside it could lead to further downward pressure for utilities