Bullish Flag (52%)
Volume during post formation
Descending volume during Flag formation
PPS above 50MA and 200MA
RS above 0 and ascending
R/R ratio above 5
250RSI above 50 and ascending
PT = 0.335$
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Fortis is one of my favourite companies: after all, in an unstable environment that we are currently in, with a likely recession right before our eyes, investors should be seeking undervalued, defensive and dividend aristocratic stocks.
I personally own about 2500 shares of the company and always looking to buy more. This is one of the few companies that has...
We can see a bearish harami which may signal the start of wave 4 and it is coming down from an extremely high rsi of 87 with the macd ticking down. We can see that the 55 ema is approaching the trend line ,which in my opinion is a likely pivot point as it will be a point of both static and dynamic support. But there is also other areas of support that may...
Looking at the Daily chart we can see that the 200 EMA was rejected 4 times. Furthermore, it is confluent with an important resistance area around 51.50. There was a recent rejection on November 12 as well on the 26.
one thing to notice was how large the volume was on November 26th ending with an important bull victory.
The RSI has a bullish divergence if you look...