joshuanroberts
Long

EXC: Triangle, symmetrical, busted

NYSE:EXC   EXELON CORP
a year ago
The long downward price trend leading to the triangle indicated that it should be an upward breakout. However, the downward breakout left me waiting for the pullback. That pullback has just started occurring after a good surprise earnings report. That and the Stoch RSI indicating a shift to more buying pressure, shows that this triangle is busted and should be heading upwards with a strong movement.

http://thepatternsite.com/Blog-Oct15.html#P23
http://thepatternsite.com/st.html
http://thepatternsite.com/BustSymTriangles.html
a year ago
Comment: Forgot to mention that the news of the merger is kinda a big deal, stacked with a strong earnings report, which again means this stock will be headed upward with strong momentum.

http://www.fool.com/investing/general/2015/11/02/should-you-invest-in-this-divided-stock-merger.aspx?source=eogyholnk0000001&utm_source=yahoo&utm_medium=feed&utm_campaign=article
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out