Limit buy - 64,55$ Target - 82,0 Risk/Reward Ratio - 8,14 Stop-loss - 62,45
We recently had a surge in volume to the downside but still are bullishly diverging on the RSI at this potential PCZ.
NYSE:PNW Harmonic Reverse N T1, T2 :74.12, 75.52
Consolidation may form. A second extremum is needed for the formation of a downward resistance level. If the consolidation is formed and is broken upwards, the minimum target level will be around 112.
go to the short position after see the trigger on lower time frame
Pinnacle West is a holding company whose principle subsidiary is Arizona Public Service. APS is a vertically integrated regulated utility that provides electric service to 1.3 million customers over a 35,000-square-mile service territory in Arizona, including the city of Phoenix. Approximately 35% of power sold comes from the company's 29% interest in the nearly...
The services industry has been trending up, there are some sign of slowing but not much. I may have been lucky but I managed to snipe this one during the market down turns and it held up. Making me more confident and adding more to my position. Taking a second position for continuation of the uptrend. It was looking like a H&S before I made the first trade. I am...
o Earnings 60 day out o price action is anticipating bad earnings report
Im going through 1B+mcap strong buy stocks on tradingview and trying to find the ones that topped.
You know I've had to hold myself back from posting just to prevent myself from getting too emotionally set on seeing a bear market within the next few months. That being one reason, & 2nd reason being to the tendency to stay away from a trade that isn't a clear top or a clear bottom with a direction clear enough for me to take a high or even semi-high risk on....
This 120m chart of PNW is a follow-up to the daily chart posted earlier today. From an Elliott Wave perspective, I see recent price action as a flat correction (3-3-5) nearing completion into the 50% Fibonacci retracement level. RSI overbought and starting to show divergence means that the rally is losing momentum. Looking for the stock to roll over and begin...
This daily chart of PNW is showing three separate reasons to get short: 1. Price recently broke through long-term trendline support 2. It looks to be carving out a Head & Shoulders pattern 3. The sell-off from the high was impulsive, followed by a sideways correction Initiating a short position at 82.50 and looking for the stock to roll over. Immediate profit...