Here we have today's closing daily chart showing quite a few trendlines, supports and resistances.The first thing to note is that it closed back inside the uptrend support from the 129.25p low so that support remains in tact for now at least.I've also slightly re-drawn the downtrend resistance from the 260p high to take account of the recent 184.75p high though I still believe that a close above 180/2p (which we haven't yet had) is more important.As can be seen, support was found today at the original breakout point of this move up which was 158p and the fact that price closed back inside the uptrend, having dropped a fair way out of it, it bullish IMHO.Generally there seems to be two main ways of viewing the whole post-126p sequence: the camp that views at as a big bearish wedge which appeared to be the source of the resistance at...

If I was in a risk-taking mood I might buy this due to the RSI breakout but it would be a risk as price got rejected from the short term downtrend and the main downtrend is still some distance away.The gap at 5p got filled nicely and there's been a decent bounce to produce that RSI breakout so a close above 6.65p (the previous high) would give a higher high after the higher low at the gap.There's still that downtrend and 7.88p to deal with but it might be starting to get interesting here. Original link...

This has closed today with both the price and RSI breaking their short term uptrend supports which doesn't bode well.The last test of the RSI downtrend has proved decisive so until there's at least a break of that 6.6p level on a closing basis I won't go near this with a long position. Original link...

There's still no clear direction for XEL but a decisive break will have to come soon. The daily RSI is getting towards the apex of it's triangle, and price is also in a breakout zone in its own triangles.Key price levels are at the 92.5p gap and intermediate uptrend support, the recent 96.4p low, the short term uptrend support at 98.5p, the recent high at 106p and the key 113p level circled.The RSI should give us a clue which direction the price will go in so I'll still be watching where that closes. I'd like to see that short term uptrend hold but the 92.5p gap offers a great entry possibility with a nice tight stop below 88.75p. If that fails then there's the main trendline at 83.75p. Original link...

At last there's a signal for a possible move here with a breakout of the daily RSI. My only reservation about this is the fact that the RSI trendline didn't come from a bearish divergence which is my usual criteria for this trade.The SP closed today at 104p which is historically a significant level. On its own that tells us nothing but if it can close above 106p then there will have been a breakout to a higher high following a higher low (I'm referring to the pattern since the 96.4p low).Real strength will only come on a break of 113p as that will form a significant higher high and a trendline break. Original link...