EEI moving inside an upward channel. May hit 127.2% Fibonacci Retracement level

EEI has pierced through the 11.0 mark as it close at 11.12. For those holding this stock, there is still a chance it will climb to the next resistance which is the 11.63 per share or 127.2% Fibonacci Retracement level. Immediate support is the 11.0 Notice also the projected slope we drawn on the chart which shows an upward channel.

Caveat!

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felix

A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

One Response to EEI moving inside an upward channel. May hit 127.2% Fibonacci Retracement level

  1. […] continue to move within the upward channel. Last Feb 25 (EEI moving inside an upward channel. May hit 127.2% Fibonacci Retracement level) we saw it moving halfway to the resistance slope and finally touches it early this March. After […]

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