XEL 1 and 4H charts look good

10 Sep 2017

The upper trendline drawn earlier still holds, and XEL has some gas left in the tank, undoubtedly. The .786 Fib line looks like a good short-term support, but if it doesn't hold then that doesn't hurt this in the coming days. It just provides more of a buying opp. That right shoulder, drawn in pink, is too close for my liking and I'd like to see it space out a bit, but not go too close to the bottom of the triangle. Therefore, if we see the RSI bottom out a bit, I wouldn't be upset. would give it more gas going up. EMAs are nice and tight, MACD looks like it's about to cross up.