0LSL trade ideas
Levels of Interest $WEC TA on levels of interest for NYSE:WEC
Please note that this is a preliminary research paper and you should continue to do your own research (DYOR). Information about assets can change rapidly, and it's essential to stay updated with the most recent developments.
Notes on how I personally use my charts/NFA:
Each level L1-L3 and TP1-TP3 (Or S1-S3) has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic.
Just my personal way of using this. This is not intended or made to constitute any financial advice.
This is not intended or made to constitute any financial advice.
FED Macro Situation Consideration:
All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over.
NOT INVESTMENT ADVICE
I am not a financial advisor.
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Broad Sideward RangeWe are sticking within a long broad sideward range for 2 years now. The last attempt to reach the highs of May and August 2022 has failed in November. This week's spike may be seen as a correction of the drop after this failure. At present I don't see the momentum to leave the broad range. Thus I prefer to sell this week's rally for a test of the downside of the now tightening range. This tightening may be a preparation for an outbreak. But now it is not clear in which direction this may go. Some tests of both directions up and down may occur before we can see a decision.
Bullish on WECI'm bullish on WEC for the next month (and long in general). WEC has developed a strong pennant and proves to be an anchor in the storms of the market. WEC is a good long term hold and has a solid long term chart.
The 10-day exponential moving average is also breaking away from the 50-day exponential moving average, indicating a bullish movement.
WEC will probably meet resistance around the $101 mark and the $105 mark, but a nice consolidation should continue to allow WEC to grow even toward the election.
Good luck trading.
Disclaimer: I am not a professional trader and these ideas should not be taken as professional trading advice.
WEC: Breakout Confirmed, 9.21% Potential Profit!Description: WEC is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
Stats:
1. Ideal buy range: $96.7 - $99.5
2. Take profit: $106.94
3. Stop Loss: $94.98
4. Risk To Reward: 1 / 3
5. Accuracy Rating: 84%
WEC Technical Analysis 🧙WEC Energy Group's electric and gas utility businesses serve electric and gas customers in its Illinois, Michigan, Minnesota, and Wisconsin service territories. The company also owns a 60% stake in American Transmission Co. WEC's asset mix is approximately 52% electric generation and distribution, 33% gas distribution, 13% electric transmission, and 2% unregulated renewable generation.
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WEC Energy Group - WEEKLY Setup - Entry on DBL BottomWEC
ENTRY ON DBL BOTTOM 84.44 - 83.65
Cost Avg Down (CAD) = 79
1st Target = 382fib 93
2nd Target = 618fib 98
3rd target = 786fib at 102
4th Target = 106
HODL Target = 115+
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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
