New support range for ETR on watch

6 พ.ย. 2020

ETR has been trading within that $91 - $105 trading range since April.
The stock is just starting to show confirmation of breaking out and remaining above prior resistance. If this stays the case through next week, we've got ourselves a new trading range for November and potentially through year's end, next resistance @$121.
Earnings were good despite significant natural disaster challenges throughout the year. Their exposure to renewables could give them extra legroom with a Democratic government.

Any ideas on when we can see this stock back towards its ATH?
Pls like and comment below,
InvestEmi
(*This is not financial advice, for conversational use only*)

10 พ.ย. 2020

บันทึก

We can almost be sure this is our new trading range. I'd be inclined to add some at the bottom end of $106.

3 ธ.ค. 2020

บันทึก

$106 support being tested for the third time in less than a month. If this holds, I would confidently look for $115 - 120 early next year.

14 ธ.ค. 2020

บันทึก

We broke down below our previous $106 support. We hit a multi-month RSI low of 28.40 and MACD looking to trend upwards @$102.5. This gives me confidence that we will not be going any lower than our prior $99.50 support.

Still quite confident in reaching $115 - 120 in Q1 2021.