Pullbacks are an expected feature of any long-term uptrend.
A pullback is a momentary price reversal or correction that occurs within the context of the current trend. It is a brief retracement against the dominating trend before the price returns to its original direction.
Technical analysis tools such as trend lines, moving averages, and Fibonacci retracement...
SCANA had been in a strong uptrend since it has restructured and gained new, valuable contracts.
The stock is now in consolidation. The bullish triangle formation and bullish candlesticks indicate a new uptrend ahead. Low RSI level at about 38 with hidden divergence and bottoming on Bollinger bands as well.
