Fundamentally The Company have a really good quarterly results and is looking cheap at this price. Technically we can see buying pressure from good area of support. Price might go as high as 97.50-98.50 before next quarterly results.
Con Edison Earnings Today After the Close , Summer is Here !!!
95 TP do not be Greedy
TAKE PROFITS AND RUN
Market is very Weird these Times !!! NYSE:ED
ABC and target is D.
This will probably reverse at the end of the 4th leg up.
There will be resistance at top of triangle and also at the top diagonal line of the triangle.
All triangles are neutral until broken and price is on the support line.
Targets are for the ABCD pattern and will re-eval if triangle breaks up or down.
No recommendation.
Possible stop below 92.50.
ED has shown structural similarities to that of a bullflag
It is showing also a W type structure that will lead to a breakout of the right arm of the W, supporting the bullflag theory
Breakout?
On the chart we can see an inverted head and shoulders, which got rejected at the neckline, and we now expect it to retest and break the neckline.
We see current level as a good opportunity for an entry, but would at least wait for the market to open, to see how it will turn out from the current dump.
A breakout trade would give a ROI of 21%, while an entry at...
ED is a bullish and strong fundamental stock, so we would only trade it in a long position.
Currently, ED is forming a very strong bullish pattern called a rising wedge after a rise-up. With prices breaking out of that pattern, the move could be very strong and fast. However, the advantage and disadvantage for bulls at the same time is big resistance, which is...
A week ago we have broken the double bottom formed since December. Now we are in a little bear flag which is suggested to be broken to the downside in the next couple of ours or a few days as well as the momentum is still bearish.
ED
CRON
Consolidated Edison, Inc - ED
Cronos Group Inc. Common Share - CRON
I bought 6 shares of CRON for every one share of ED
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No stop loss.
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Happy Trading!
The PEAD projected a Bullish outlook for $ED after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 33.33%.
A price action above 92.00 supports a bullish trend direction.
Crossing below this level will negate the bullish stance.
RSI leaves enough room for further upside price potential.
Upside price momentum is applicable.
Keep an eye on the MACD for a bullish crossover.
Buy (Entry Price) above the black line and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price.
Entry Price: $85.59
Target Price: $86.54
Stop Loss: $84.00
NYSE:ED price action during the weak overall market condition is quite bullish, any pullback towards 80$ is a buying opportunity. Anticipated price action and targets are shown on the chart, stop loss daily close below 20 MA.
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This is only my own view and not financial advice, do your own analysis before buying...
Hello traders and a HAPPY NEW YEAR!!!
My first recording video i hope you like it!!
Nice long trade on ED explained in multi-time frame analysis!
LONG TRADE
ENTRY AT 68.50$
STOP LOSS AT 66.80$
TP1 AT 77$
TP2 AT 83$
PLEASE LET ME YOUR COMMENT WITH YOUR VIEW OR YOUR QUESTION!
HAPPY TO HELP!
HAPPY PROFITS TO EVERYBODY!!
THE GREEK TRADER
