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TOPIC: XEL possible 123 low in progress

XEL possible 123 low in progress 05 May 2015 12:02 #1

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This broke out of a recent 123 low. Hence a powerful move.


dl.dropboxusercontent.com/u/4899609/xel5thmay2015.png

There is a few resistances ahead, today it hit one of those resistances and reversed back slightly on first attempt.That level was 43.
Resistances...43,,,54.75,,,,59

The chart shows it could have turned the corner and higher prices may follow. This has broken the short term down trend line today so all looking positive but the price has to finish above that trend line and hold for a few days. This may back test 36 so a good level to go long at and with tight stops.

good luck.
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XEL possible 123 low in progress 04 May 2015 20:57 #2

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xel.l it's at 38p, (was £4) a few yrs ago obviously you sold I've been locked in.
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XEL possible 123 low in progress 04 May 2015 17:49 #3

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have they changed there name??
as i can only find a company called xcel Energy with that ticker :silly: :silly:
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XEL possible 123 low in progress 01 May 2015 18:22 #4

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Sorry Xcite, (Xel)
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XEL possible 123 low in progress 01 May 2015 09:45 #5

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what is there ticker symbol???
are they still trading??
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XEL possible 123 low in progress 01 May 2015 08:46 #6

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Where do you think this will go in the next 2weeks after the news about the rig being constructed and the agm?
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XEL possible 123 low in progress 09 Feb 2015 11:49 #7

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There is a small 123 low formed but its not the best looking.
For real strength to come this has to breakout of the 123 low and also break the down trend line.
As can be seen from the chart this has been in a clear down trend for a while now.

support..24.75
Resistance..36,,,41.5 (trendline),,,43,,,54.75


dl.dropboxusercontent.com/u/4899609/xelx9thfeb2015.png
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XEL possible 123 low in progress 09 Feb 2015 08:57 #8

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Any chance of a chart for where Xel is going, I have been in from £3.80 and averaged down to £1.20, as you can imagine it's been a rough ride not helped by the fact my other shares were xtrata (Glen) and banks.

I'm hoping we are on the verge of an upwards trend (ever the optimist). Thanks for any comments.
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XEL possible 123 low in progress 15 Dec 2014 13:45 #9

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Nothing on XEL for while. Still seeking its bottom? Well below 5 year lows (37) now at 28 . Any views or are we all just waiting for the crude bottom to emerge first? Seems a lot of oil companies will go belly up but can the North Sea and XEL in particular which is not producing survive?. Serious ramifications for whole of Scotland and UK oil industry if cant.
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XEL possible 123 low in progress 04 Nov 2014 22:23 #10

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Hi RC,

Just a SL strategy for my own personal circumstances in this particular case, entered early on 31 Oct (actually at 43.8p prior to reaching 123 low breakout point of 44.75p, did this because buying volume was high and I was pretty confident it was heading for breakout which it did, then later on Friday I sold half my original holding at 46.5p for modest little profit. Reason I subsequently have set my own stop for remaining half at 42.9p was that on Monday the upward momentum and volume was clearly absent, as indeed it was today as SP continued to retrace. So I'm just really happy to bail completely if it hits my stop and I still keep some profit.
If it decides to head upward again to complete the 123 low then of course I'm happy to let the remaining half ride :)
Sorry I didn't post too much detail about my own strategy in this case because it was a bit unorthodox and not the recommend way to trade a 123 low so didn't want to confuse the issue ')
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XEL possible 123 low in progress 04 Nov 2014 20:41 #11

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Hi Count
Any reason behind SL below 43?

Would it not be sensible to have your stop below the low of friday's big green candle or
ideally below the rising trendline ( below the low of candle on 29/10)

Dont have a position and dont see a change in downtrend here but could have been a swing day trade based on the 123 low breakout - GL with your trade
dyor
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XEL possible 123 low in progress 04 Nov 2014 16:06 #12

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Looks like the anticipated 123 low is turning into a bit of a wet firework, since the promising rise with volume at end of last week, volumes have been pitifully low since then. I'm still holding but with stops at just below 43.
Last Edit: 04 Nov 2014 16:12 by Count.
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XEL possible 123 low in progress 02 Nov 2014 21:08 #13

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Bit better daily chart showing downtrend not broken yet

screencast.com/t/ZUkBvTqA

and close up showing also that RSI is about to break out.

screencast.com/t/Ld3BUlHKQV4
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XEL possible 123 low in progress 01 Nov 2014 22:13 #14

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Hi orsotoro,
I'm not sure which downtrend line you are referring to that has been broken? If it's the LT one starting from all time high end of Dec 2010 then I don't think it's broken yet, it's around the 50ish mark atm on my (crude) chart. Also RSI is still in downtrend but about to breakout. Hoping this will complete 123 low (target at 50.23) and have buying momentum to continue further perhaps to MA50 currently ~ 55.5. I won't be too greedy though and will watch SP closely on Monday and if volume is low I would react and take profit early accordingly ')
screencast.com/t/C7mULpJj1xB
Last Edit: 01 Nov 2014 22:20 by Count.
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XEL possible 123 low in progress 31 Oct 2014 21:27 #15

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Yes, my fine Halloween fiend, or friend, it looks like the downtrend line has been broken..... MwaaaaHaaaHaaaaaHaaaaaaa.
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XEL possible 123 low in progress 31 Oct 2014 14:12 #16

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screencast.com/t/8Xh6PGaExkpa
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