trendlinestrategies

PPL Long Term Dividend Play - Utility Stock With 6%+ Dividend

NYSE:PPL   PPL Corporation
NYSE:PPL NYSE:PPL
  • BUY ZONE 1 Trade Plan
    Price currently testing 200 DMA
  • Volume is currently heavy
  • Wait for a successful defense of 200 DMA and close above down-sloping trendline ; I like to see 2 consecutive closes above prior to entry
  • If 200 DMA definitively fails, go to Buy Zone 2 Plan


    BUY ZONE 2 Trade Plan

  • Wait for this area to be successfully defended by bulls ; Want to see a definitive break above down-sloping trendline with a 2 day consecutive close above.
  • If you are extra conservative, wait for a break and close above 20-day MA.

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