PEG for long

PEG – sector: utilities
The stock marked a significant increase toward 60 level,
resistance level:60
support level: 58.5
If the support level holds,I'll examine a long entry above the resistance level after an approval candle and and ofcourse a good volume.
If/when the stock crosses this level, its face may be heading toward all the time high.
This is not a recommendation.
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