$SO 5 Month Play Energy companies are quite predictable, and $SO is one of the best Energy providers in the United States. Highest employee favourability and a top choice by many investors for consistent growth.
One of the best things about $SO is that it has consistent swings of 10-20% and you can catch these swings over 4-6 Month periods.
Buying here between $62-$64 and will double down on my position down to the support line at $55.
Target is $80-$82. Time based stop loss for end of July
Xcel
XEL - Above Up ChannelAn inverse H&S then movement up through channel is a common pattern seen
While price is above channel it can be seen that it continues above for a brief period on this Weekly period
Right now price is in this 'above the channel' period and is in a bullish state
Two point comparison post
XEL - XCEL WEEKLY Setup w/ Buyzone, CAD and TargetsXEL
BUYZONE = 63 - 59
Cost Avg Down (CAD) = 40 - 48
1st Target = 70
2nd Target = ATH (76)
HODL Target = 93
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez