Dear traders,
Id like to share this idea in order to take long positions.
48- 50$ is is a good price range to look for buying opportunities.
Additionally RSI is clearly oversold and prices already went down quite aggressive.
best,
Xcel Energy Inc. offers a variety of energy-related services including generation, transmission, and distribution of electricity and natural gas throughout the US.
My trade levels
Entry: $67.23
Take profit: $62.21
Stop loss: $69.38
Risk/reward: 2.33
The PEAD projected a Bullish outlook for $XEL after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 100%.
An inverse H&S then movement up through channel is a common pattern seen
While price is above channel it can be seen that it continues above for a brief period on this Weekly period
Right now price is in this 'above the channel' period and is in a bullish state
Two point comparison post
The PEAD projected a Neutral outlook for $XEL after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 66.67%.
Here I have a long-term idea for you. A very long triangle formation was followed by a perfect breakout from the formation with a retest. The whole thing is accompanied by very high volume.
I hope you like the idea. If so, you are welcome to leave a like and follow me. I will post updates regularly!
I am not an investment advisor!
Xcel Energy Inc. is a utility holding company based in Minneapolis, Minnesota serving over 3.3 million electricity and 1.8 million natural gas customers in Minnesota, Michigan, Wisconsin, North Dakota, South Dakota, Colorado, Texas and New Mexico. It was founded in 1830 and is based in New York, NY.
A trade on the breakdown of the resistance level ($ 66.05).
1)...
Very cool set-up. We see resistance. When breakup - long. Intraday/swing
Target can be:72
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us...
TF: D
1. MACD Lines Entering Bottom
2. KC Price Drop Below Lower Line
3. MACD Histogram Bear Losing Power
4. Pullback
5. Impulse System Green or Hollow
6. All-Time High
7. Price Back to Blue Line/ Value Line (Entry Price)
8 straight bullish weekly candle bars with noticeable increase in volume through out the rally. This is Xcel's 1st meaningful consolidation in this strong run. I think there is more gas in $XEL's tank.
Xcel Energy Inc (XEL)- HOLDING COMPANY PROVIDING UTILITY SERVICES TO 3.7 MIL ELECTRIC AND 2.1 MIL NATURAL GAS CUSTOMERS
Description: XEL is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
Stats:
1. Ideal buy range: $69.5 - $71.6
2. Take profit: $76.68
3. Stop Loss: $67.87
4. Risk To Reward: 1 / 3
5. Accuracy Rating: 93%
XEL
BUYZONE = 63 - 59
Cost Avg Down (CAD) = 40 - 48
1st Target = 70
2nd Target = ATH (76)
HODL Target = 93
______________________________________________________________________________________________________________________
This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or...
Fundamentally speaking depict all the global shake up due to the pandemic but their earnings still beat expectation since there wasn't any serious loss.
Technically due to the pattern forming now i see a reversal soon. For you not to miss any update, follow, like or comment. Thank you for your support. Trade with PROFITS.
Price is entering the oversold area coming from a huge rally due vaccine hype, the price is testing one of the strong supports, good risk/reward opportunity for a swing trade. GLTE
