See broke down out of the falling wedge....Now testing the bottom line as resistance....Further downside coming...Buying opportunity in the next few months.
======BREAKOUT TARGET $150======
BREAKOUT LEVEL $141
RSI ON CRITICAL BACKTEST LEVEL, INVALID IF IT BREAKS.
VOLUME A WORRY.
Sempra Energy is an energy-service holding company, whose operating units invests in, developing and operating energy infrastructure, and provides gas and electricity services to their customers in North and South America. It operates...
Sempra Energy had a strong Earnings Report, with a turning point from negative to solid profitability. Sempra is moving up with some Dark Pool Quiet Accumulation.
NYSE:SRE
Rising Wedge Breakout
Resistance tested as new support
BUY at 129.3, SL at 124 just below the consolidated pinbar candles' low
Also supported fundamentally by falling interest rates (10Y treasury) that make the yield on these safer utility companies attractive
SRE. I like this trade. The energy market is heating up. OIL is moving higher which will drive this sector. Not the curling higher MA's on the 4 hr chart. The price is above them all. This is a good looking chart. I'd set my stops at $111, and 1st target at last significant high around $123. I also took a position in 3x GUSH.
Daily
MACD showing divergence, and negative trend
Stoch heading diverging toward oversold bias
Playing the gap to fill
6/8/18
ATR 2.51
S/L 115
T/P 100.75
R/R 3.45
Profit Trading
SRE has been a good long opportunity since breaking above the $72 zone. On the weekly chart the 50ma has acted as support throughout the trend.
While the pullbacks on the weekly have all been within the normal parameters they have been a little more cumbersome to trade on the daily chart. The last two deep pullbacks both dropped to test the 200ma and figure 100...
Will this breakout from June high help the price print a promised land $111.50. The chance increased as long as price stays above %105.25 and $103.85 area expect this to trade higher. Sempra Energy is a holding company. During the year ended December 31, 2011, Sempra Energy's business was organized in five segments consisting of San Diego Gas & Electric Company...
looking like could be a bounce here after today candlestick was a hammer and the stocastic is very oversold with trendline support.
however there is some resistence abpve at 88.7
small position now and add with break
GL
