What to make of $REC? It's consolidating in a symmetrical triangle, inside it there is this bullish wedge formation and the stock is basically consolidating within a range of 10.7 and 12. My bets are on a breakout upwards really soon.
I redrew the chart to something that actually makes bit more sense to me. the stock is following a positive trend channel and it may just hit the bottom line.
There is also a big descending triangle on the chart that would normally be bullish but they are often bilateral and one needs to watch for a break out either way.
Back to $AOW with a new update. Bullish candlestick on hourly and it may break out of the falling wedge .
If it does, there is a big symmetrical triangle building up.
Break out from that triangle should bring nice profits. RSI is also oversold and there is a crossing on MACD .
Hopefully macro won't mess things up. Crossing fingers.
SCANA had been in a strong uptrend since it has restructured and gained new, valuable contracts.
The stock is now in consolidation. The bullish triangle formation and bullish candlesticks indicate a new uptrend ahead. Low RSI level at about 38 with hidden divergence and bottoming on Bollinger bands as well.