🟢 Breakout of historically significant resistance for $ XCEL
Xcel Energy Inc. is a utility holding company based in Minneapolis, Minnesota serving over 3.3 million electricity and 1.8 million natural gas customers in Minnesota, Michigan, Wisconsin, North Dakota, South Dakota, Colorado, Texas and New Mexico. It was founded in 1830 and is based in New York, NY.
A trade on the breakdown of the resistance level ($ 66.05).
1) Close of the daily candle above the level.
2) There is no reaction to a false breakdown.
3) Accumulation near the level.
4) Above, a large power reserve.
5) Follow the trend.
Long above $ 66.29 (entry with a limit order)
Goal 1: $ 67.2
Stop below $ 65.7
If, after breaking through the resistance and entering the position, the instrument starts rolling back to the entry point, you need to close the position without hesitation.
NOT IRR
A trade on the breakdown of the resistance level ($ 66.05).
1) Close of the daily candle above the level.
2) There is no reaction to a false breakdown.
3) Accumulation near the level.
4) Above, a large power reserve.
5) Follow the trend.
Long above $ 66.29 (entry with a limit order)
Goal 1: $ 67.2
Stop below $ 65.7
If, after breaking through the resistance and entering the position, the instrument starts rolling back to the entry point, you need to close the position without hesitation.
NOT IRR