for those that took the EXC long trade (a long-side bounce off key daily support in conjunction with a breakout and re-test of the 60 min bullish falling wedge) keep in mind that the stock is now testing that key support level on the daily chart again. therefore, if you did not take profits at [...]
so far (knock on wood), playing out as expected from last post: EXC made a successful re-test of the recent 60 min bullish falling wedge breakout, which also coincided with a brief break below key support on the daily chart, which should have served to wash-out some of the remaining weak-handed longs and suck in [...]
EXC has fallen back after entry and is a current trading a little below the daily support line. currently, EXC is re-testing the falling wedge so i am still holding my long position, expecting a successful re-test (and subsequent bounce) from around current levels. i'm watching to see of EXC can manage to close back [...]
just a quick update on some of the recently posted trades ideas. i will update some of the charts later this evening but you can enter any symbol below into the search bar towards the upper right-side of the page to view the most recent post with charts/notes on the trade or set-up listed below: [...]
the 60 min falling wedge posting on friday broke out shortly after the open. targets remain as marked (horizontal lines), stop under 39.25.
longer-term, a break of this daily support would be bearish, and might provide a nice swing-short entry. however, in the near-term, EXC is oversold and setting up in a bullish falling wedge on the 60 min chart and could trigger a tradeable (my term, probably not in webster's dictionary) bounce. daily and 60 min charts [...]