BKH Looking for a breakoutBreaking out of 16 Month Long Ascending Triangle
200 DMA Holding dips
Volume is on lower side
Pays out dividends
BHI trade ideas
$BKH. Triple double : strong resistance line channelThis is my take on a triple top resistance and a double top. On a daily chart outlining Two distinct areas of resistance that when drawn create a resistance channel giving you a clear range of trade. The double top resistance must chart below the triple top resistance. So this tells us two things one: is that there are very strong levels of resistance above and if price were to break above one we have a clear resistance target and a clear support because double top resistance becomes support and two: shows us next level we need to see price above and a possible channel we could see price trade within it above first resistance.
Bearish Engulfing after rally and dojiWhat a signal bar!
The long rally which started in January 2020 comes to an end now with a bearish engulfing pattern confirming a doji.
BKH held trendline supportAfter falling out of its channel the other day, Black Hills Corp. hit critical trendline support and held it pretty decisively. It's looking like a long from here.
Black Hills Corporation uptrendBlack Hills Corporation has established an uptrend and sung down near the bottom of its channel in the last few days. This offers a buying opportunity.
It's finding some support at June 20 lows of 79.44. It should move above that level by the end of the week. It next reports earnings August 5 and pays a dividend on August 15.
BKH - a utilities nameUsually utilities are not so attractive given its defensive nature, but a couple of names are setting up like this one BKH or PAM which has already gone up. Will keep track of the name to see how it goes.
