Utility names are basing out, keep an eye out for a breakout move higher in the short term
VPU $VPU Initial Short. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
VPU tracks a broad-based, market-cap-weighted index of US utilities companies. Important information: Our goal is to help everyone find information and ideas about investing, asset ownership and wealth creation. The Market Week was created by investors for investors. We believe in a free exchange of ideas for investing, income generation, wealth building. We...
Utilities have been trading in a tight range since the pandemic. Buy when it gets to the bottom of the range, sell/trim or write covered calls when it gets to the top of the range.
I want to be very cautious about VPU as a correction might be underway.
Looks similar but uncertain. But the real deal is if it will ever break the red support. We will see.
VPU had a golden cross last week but this week was down hard. So far on the weekly it is still bullish.
It had similar setup in August 2008. Uncertain if history repeats but pay attention to any possible lower lows that can confirm the potential HS break down
very strong show. if it can stay above the red support line in the next couple of day, this is a strong buy.
In June the ratio hit a low not seen since 2004. And now its RSI is diverged from price. Too early to tell a breakout, but it deserve a closer look in the coming weeks/months.
As of last week's close, VPU broke out, MACD turned positive and RSI is close to 50.
There might be some up side if going above red lines. But strong sell if the blue supports break.
Coincidental with short term topping of interest rate, VPU appears to be forming a good base. Will be bullish if blue resistance is cleared.
Right on support. I guess for it to peak it needs a right shoulder with a lower high. So a bounce up is still possible.
broke out and now above 10 week MA. RSI is OK, MACD is still negative. Need it to be a bit more stronger before a buy.
It cleared 2 resistances last week, but still under 10 week MA. MACD still negative, so it might be still bottoming but I like what I have seen so far...
Strong rebound for the past 4 trading days due to oversold.
We will see if the red support line can hold this week and next.