XEL daily 16/07/13
in ChartsView Blog:- Font size: Larger Smaller
- Hits: 3452
- 0 Comments
- Subscribe to this entry
- Bookmark
XEL seems to be following through nicely following the RSI breakout with a bullish marubozu today and a close at the day's high, right at the 106p breakout level.
Note also how the RSI backtested and bounced (circled). I usually prefer this test to be after a number of days rather then so quickly but as long as the RSI maintains this uptrend, and especially if it can get > 70 then there's a chance of a test of the trendline resistance , 113p and a possible breakout.
We should be OK to move stops to below today's low but bel
Trackback URL for this blog entry.
