Utilities (XLU) might be a good long idea here. As the markets get choppy, utilities like XLU might hold up well. Price above the 10sma and volume increasing.
Utilities have taken a major hit in the risk-on market environment we've seen lately. Last week $XLU completed a perfect 61.8% retracement of recent gains and showed a strong bounce at that key support level. I think we have an excellent buy for a swing trade at this level with a view to hold patiently for 1-3 months and take profit at all time highs.
I like investing in utilities. More importantly I like investing in utilities with the type of infrastructure I consider to be a staple of domestic life. What do I mean?
Water Utilities ( CWT @ 1.61% Yield)
Waste Utilities ( WM @ 1.92% Yield)
Recycling Utilities ( RSG @ 2.02% Yield)
Power ( NRG @ 0.44%)
Why?
It certainly does make me feel...
The custom support resistance indicator lines show decent places to enter or exit.
The Blue indicator line serves as a Bullish Trend setter.
If your instrument closes above the Blue line, we think about going Long.
If your instrument closes below the Red line, we think about Shorting.
For Stocks, I prefer to use the Yellow line as my Bearish Trend setter.
a bit early on this one but starting to look for an entry on some utility companies at channel support around $50. looking at $D, $NEE, $NRG, $PCG, $EXC
LPE a novel Queensland based discount energy provider with consistent revenue growth has proven to have strong support historically at 2.3c. The stock has over the past few sessions been strongly absorbed in this range and now appears to be nearing a break point. The growing revenues and approach to the spec dream of being cash flow positive signal to me that this...
Centrica continues to trade in a long term down trend. The latest failure at overcoming trend resistance should set the shares up for another test of the recent lows.
We are sellers today targeting a move towards 188p, with a stop at 210p
-higher time frame showing healthy pullback in defined uptrend finding support at 53.3x area
-mid time frame shows range bound action after a quick downtrend/ signs of accumulation are seen in range bound equilibrium
-momentum is strengthening upward along with volume pressure
-spring candle/pinbar found on mid time frame finding quick support at 53.3x area shows...
utilities sector looking strong
daily timeframe shows positive trend strength and rising MA's
intermediate shows rising MA's with Short term MA slightly weakening
looking for pullback into support area of 81.00 area and bounce back to 81.60 area for a retest of resistance
obv showing positive volume pressure
Short term MA and VWAP working as dynamic resistance...
