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XEL daily 13/06/13

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Interesting day here today. I went long just above the 61.8% Fib (forgot to place limit order so didn't get 98p exactly) because there was also support from the short term RSI trendline.

I'm still unsure about whether this will break to new highs but I have a stop just below 98p and I will look to exit at a profit on the first sign that something's amiss. The main resistance to watch is that trendline which will be at the recent 113p high in a couple of days.
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Guest Friday, 16 November 2018