Long
XEL 1 and 4H charts look good
The upper trendline drawn earlier still holds, and XEL has some gas left in the tank, undoubtedly. The .786 Fib line looks like a good short-term support, but if it doesn't hold then that doesn't hurt this in the coming days. It just provides more of a buying opp. That right shoulder, drawn in pink, is too close for my liking and I'd like to see it space out a bit, but not go too close to the bottom of the triangle. Therefore, if we see the RSI bottom out a bit, I wouldn't be upset. would give it more gas going up. EMAs are nice and tight, MACD looks like it's about to cross up.
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