houston we have a problemi think the EIX bull run was hit with a EMP and now is going down, 40$ is the target!
EIX1 trade ideas
EIX: Sort OpportunityAn intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement close to 61.82% of Fibonacci retracement
NOTE: ENTRY RANGE AREA ABOVE THE ENTRY POINT, IS CALCULATED UPON 80% OF THE RECORDED PULLBACK BACK TESTED PAST PERFORMANCES
DETAILS ON THE CHART
DISCLAIMER: THIS IS A TECHNICAL ANALYSIS STUDY, NOT AN ADVICE OR RECOMMENDATION TO INVEST MONEY ON.
EIX Earnings Report on 5/1/17*What direction to buy this EIX stock or weekly option next week? Look at big picture or EIX weekly chart, last 8 years has been in a bullish trend, with noted Elliot Impulse Wave (12345) noted on chart. This chart, PA has been sitting at $80.00 (resistance) for last 6 weeks. RSI has been overbought & just turned down. On EIX monthly chart, major support is around $58.00 (blue line), that would be a $20 drop if PA hits that by end of 2017. I will be doing put option set up for this
Monday's earning report, related to last 8 earning's reports being pretty much 50% negative & 50% positive. Will put more weight on last 4 earnings reports, which are 3/1 to negative side. *Example of a possible options trading order would be a weekly call at $81 & put at $79 ($2 spread), at end of next week one would be OTM & one would be ITM and would cover your losses. You would need to look at weekly options for this stock and figure out what works for you.Read more about options if you are interested. Always let your profits run and cut your losses in all trading. Good Luck always.
EDISON, bullish signalEdison has drawn a double bottom, the pullback occurred last week. The probability of an uptrend to 74$ is measured as 92%. The signal is very strength an supported by RSI an William%R.
Daily long in Utilities Edison International fired a long on Friday, which I bought. I suggest going long at the market with 1% max risk for a target of 76.54 and a stop at 70.81.
Check out some additional running setups in the related ideas below from Ivan Labrie and I.
16% Upside Potential (Bullish C-Diamond)This bullish continuation diamond has a measured target price $70 with a stop loss at recent swing low at and around $57.51. For real-time alerts go www.2waytrading.com
Going For 161 fibo from here break and retest of a broken down trend and at support volume turning point
