Eversource Energy back on long-term uptrend after sym. triangle
Hello Traders!
After a few months of uncertainty and confusion, it looks like Eversource Energy will break out of its symmetrical triangle pattern bullishly and start where it stopped before March: on a solid and reliable uptrend. The 50 SMA is above the 100 SMA, which is above the 200 SMA and the MACD recently crossed over the 9 EMA. The RSI is a good bit away from overbought, although that didn't bother the price a lot in September 2019 anyways. All in all, ES seems to be a perfect long-term investment.
VF Investment cannot be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas.
Please, maintain proper position sizing and risk management!
After a few months of uncertainty and confusion, it looks like Eversource Energy will break out of its symmetrical triangle pattern bullishly and start where it stopped before March: on a solid and reliable uptrend. The 50 SMA is above the 100 SMA, which is above the 200 SMA and the MACD recently crossed over the 9 EMA. The RSI is a good bit away from overbought, although that didn't bother the price a lot in September 2019 anyways. All in all, ES seems to be a perfect long-term investment.
VF Investment cannot be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas.
Please, maintain proper position sizing and risk management!
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