EXC Bullish This looks like a good place to become bullish in EXC. Publishing this idea so I can remember for monday.
Bullish price action (wiping out previous supports), as well as positive momentum as indicated by our technical indicators.
Tradingview is rating EXC as bullish.
I wish all of you luck on your trades and have a great week.
EXEC trade ideas
EXELON CORP Opportunity DailyHey people, EXELON CORP is in a fake bearish movement with large trading volume and hammer candle shape. On TIMEFRAMEM1 we see a bearish panic heading towards its last low point which is before the low of the bollinger. After swallowing she goes to do the bollinger re-tests, come on the VWAP and reach the top of the stabilization zone for testing. Great potential to breakout the price with a return of momentum then then the zone to arrive in the new one and to land on the next high. On TIMEFRAME H1 with excess on TIMEFRAME H4 before breakout of a stabilization zone. Not enough force to test the median intermediare of ANDREWS PITCHFORK.
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EXELON MID-TERM BUY OPPORTUNITYLegendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Monday, shares of Exelon Corp (Symbol: EXC) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $29.90 per share.
By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 29.0. A bullish investor could look at EXC's 29.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
Currently Exelon seems near the end of 2008-present time decline.