If it won't recover the EMA's break by the end of the month, closing below it, it is possible the beginning of a bearish period, or at least of a congestion one before to start again the growth, due the positive outlook on future investments. Indicators have indicated a divergence in the long period. I would wait until the end of the month to take a position.
Larry Williams EMAI and PSI set up. Low Volume since buy on Thursday (6/11).
No reason on earth to be short below $19.30. Acting as floor.
Authorized to send second bullet from last 2 days Plow when NI is Bullish.
Based on technical and fundamental reasons this setup may begin a strong rally.
Weekly chart analisis:
Fundamental information from a public source:
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TheStreet Ratings rates CenterPoint Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable...
Five days ago, we called a long position which we had a target price at and around $24.50 that has been achieved. Follow us to get more like this trade for free. Stay safe and tuned more to come!
Though we are already up, price bounced off from June low which was where we wanted to take high risk trade as well high reward. This is what is trading all about. Entrt $23.61 stop loss $23.39 May low. Good Luck. Stay safe and follow us for more to come
