Breaking out of 16 Month Long Ascending Triangle 200 DMA Holding dips Volume is on lower side Pays out dividends
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...
What a signal bar! The long rally which started in January 2020 comes to an end now with a bearish engulfing pattern confirming a doji.
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.
i think this is the count, setting up a long opportunity
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.