Cookie Policy

Chartsview Blog

The Latest Blogs from Chartsview

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Archives
    Archives Contains a list of blog posts that were created previously.
  • Login

XEL daily 25/07/13

by in ChartsView Blog:
  • Font size: Larger Smaller
  • Hits: 2820
  • 0 Comments
  • Subscribe to this entry
  • Print
2820
Picture
Today was the 3rd inside bar in a row for XEL but with lower highs and a 104.5/104.25p low each day it's looking a lot like a small descending triangle to me which suggests it will break down, probably tomorrow.

If so, the target would be about 5p so around the 99p mark. However, we should not assume that it will break down but wait to see which way it does break and then trade that direction. More importantly, we have the uptrend and downtrends converging imminently so they will decide the short/medium term direction.
0
Trackback URL for this blog entry.

Comments

  • No comments made yet. Be the first to submit a comment

Leave your comment

Guest Thursday, 21 November 2024