Dear traders,
Id like to share this idea in order to take long positions
30- 33$ is is a good price range to look for buying opportunities.
Additionally RSI is clearly oversold and prices already went down quite aggressive.
best,
Dear traders,
Looking for buying positions in Exelon are a good option if you are up to hold them in your portfolio, is is in a nice price area around 30 -35$.
buy and hold
best all,
Exelon Corporation is one of the nation's largest electric utilities. The company has one of the industry's largest portfolios of electricity generation capacity, with a nationwide reach and strong positions in the Midwest and Mid-Atlantic.
Exelon (Nasdaq: EXC) is a Fortune 250 company and the nation’s largest utility company, serving more than 10 million...
1. V-Shape Correction:
A standout feature in the recent price movement is the V-shape correction. This formation often indicates a sharp reversal in trend. After a swift drop, the price has recovered with equivalent vigour, suggesting a possible change in sentiment among traders and investors.
2. 200-Day Moving Average:
The stock has had significant interactions...
Excelon Corporation (EXC) is traded bellow down slopping resistance, however horizontal support is being respected since beginning of 2023. Price is approaching a support line marked on a chart.
Entry point: Consider entering a long position when the price reach recommended entry price: 39.35.
Stop loss: Place stop loss below support line. Recommended stop loss...
Exelon is seeing gains with the energy sector as oil moves higher this week. Price has formed a complex inverted H&S pattern with price recently coming up off a second right shoulder and is currently testing the neckline. Price is currently trading above all MAs(8,21,34,50,100,200) and the shorter MA's are crossing above the longer MAs indicating a shift to...
NASDAQ:EXC is coming to a strong resistance level at about 39.00. In the past, we often had reversals in this zone. After the big momentum, the probability of a correction is high.
ComED is on the edge of completing the 1.618 extension of this Perfect Bearish AB=CD:
So long as it can hold above the 1.13 everything should be fine. I will be playing this via options by buying some calls in the $40s that are a couple months out and when the 1.618 is hit i will consider flipping my position.
Leader from the Utilities Group (strongest downtrending group today) - The moving averages appear what I like to call "stacked" in the bears favor. A look at the volume shows it extremely low at this time with recent major points of inflection to favor the short side of volume.
The PEAD projected a Bullish outlook for $EXC after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
The PEAD projected a Bullish outlook for $EXC after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 60%.
The PEAD projected a Bullish outlook for $EXC after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 75%.
The upper timeframe Trend is bullish
I should have bought the stock 4th of March as it has broke out the previous high, but i think now I have a better price and a better stop loss.
The pre-market price is at 44.07 so i will put a stop order at 44.08
My stop loss is at 42.2 under the 50 SMA, my take profit will be at 51 a weekly major resistance
Utilities name are usually not a go-to for swing traders as there is tendency of choppy price action around its MA, and low ATR%
$EXC however, behaves superbly as an utility stock with history of trading consecutive up days on several occasion in 2021 alone. ATH currently
