This is my take on a triple top resistance and a double top. On a daily chart outlining Two distinct areas of resistance that when drawn create a resistance channel giving you a clear range of trade. The double top resistance must chart below the triple top resistance. So this tells us two things one: is that there are very strong levels of resistance above and...
After falling out of its channel the other day, Black Hills Corp. hit critical trendline support and held it pretty decisively. It's looking like a long from here.
Black Hills Corporation has established an uptrend and sung down near the bottom of its channel in the last few days. This offers a buying opportunity.
It's finding some support at June 20 lows of 79.44. It should move above that level by the end of the week. It next reports earnings August 5 and pays a dividend on August 15.
Usually utilities are not so attractive given its defensive nature, but a couple of names are setting up like this one BKH or PAM which has already gone up. Will keep track of the name to see how it goes.
