However, this one’s a little different. I like this one a little bit better. Again, I like to see five days. Cause if we go five days back, one, two, three, four, five, we were above, we are still kind of, we’re basically at the same place we were five days ago. So if we were to button an option, five days ago, time value would have destroyed us. Right. And because it went down and then came back up, so the time value and just the extrinsic value would have, would have been murdered. So again, I not saying I don’t like this because if it can hold the 24 83 I would like, this is what I was, what I would like to see this upcoming week. I used to get up to the 26, 25, then get rejected after 26, 25, and then try to catch this right around the 25 around this area right here. Right? So 25 52, maybe about 25, 85. If we can get rejected here, then kind of come back down, find support around those numbers. I just said, then I would look to try to, by looking to break through to 26th, to try to touch the 27
D T E One two three, four, five. So Monday, all cylinders Got rejected at the three to eight on its way to the 50. And this is Tuesday, Wednesday, just like the rest of the market got destroyed, but that’s like also the price of oil was destroyed those two days.
I don’t like how this kind of looks like it got rejected at the 41 29, as you can see right there. So if it, if it had closed like 41, one 41, 20 or 35, right, 6.6, 6 cents above the two, three retracement, I’d be a little bit more competent, but just that nasty kind of sell into the afternoon or was that afternoon or day. Let’s see. I mean, it was pretty much popped up in nine 15 or is this no, yeah. Nine 45. It went down for the rest of the day, which is I’m I’m all right with that. This is it. Cause it was range-bound all day. It stayed within the first 15 minutes besides this little pop-up like our first 15 minutes was from one 42 to one or one 40. We closed like midway through that so that I’m not going to be too frustrated on. Let’s see something real quick.
Yeah, I it’s right around and God,
Like, I was just looking at the 50% line seeing what, what game that they’re playing? Yeah. Out, I really would prefer let’s let’s hope the, let me get the thing out of the way. Alright, come. This is what we’re looking for this upcoming week with DTE,
Maintain this 41 29. If it can hold that and kind of jiggled around and whatever for a little bit, then I’m looking to want to go longer and let’s go, let’s go for right. We’ll load heavy looking for the 48. However, what makes me a little bit nervous is that this has been extremely bullish as in it hasn’t gone to the 50 or yeah, the 50. So I would almost say watch out for it to go kind of retrace all the way back to 35, maybe 36, right? Let’s see. 36 59, which is the high of this, this bar right here. Get tests that, and then go higher just because you know, the one or two ways that this is going to touch these, the red line or the yellow line and it’s by time or by movement. Now, if it kind of branches and stays right here, this 41 for this next coming week, this line is going to go up exponentially and then this line will all be, we’ll probably come above the 35. Right. And that’s kind of what we’re looking for. As you can see, it’s kind of
Yes,
Over in this area, 31 32 area, which is our yellow line from, from over here. So if we can maintain this right around this area, or at least in anywhere between 35 and 45 is our range for the next week, just to keep us to keep our moving averages headed higher American waterworks,
Tuesday and Tuesday, Wednesday really hurt the utilities bad. I mean, I don’t know if you’ve been paying attention, but it’s like every last one of these Tuesday, Wednesday, this is Tuesday, Wednesday. It’s just was massive. I mean, we’re looking at one 55 to one 49, six points and yeah, we got rejected now where all of our support that I was talking about last week is basically resistance because of Tuesday, Wednesday. So I almost want to wait and see last week was kind of a fiddle week see where everything takes us this upcoming week. And then for the last week of may, I want to kind of see what happens. So this, this upcoming week, I’m very curious. Do, do we pop back up and start going up again? Or do we get rejected and find some more in breakdown?
Oh, excuse me again? This, I like a little bit better. If you notice what this did. This basically dropped down to the a hundred in one day. I mean, this went, this was terrible. 80 to 77. This is Middlesex middle sex, water co well, let’s see. They also had earnings. No, did a dividend their earnings. Well, yeah, they whipped on earnings over here. So we kind of knew that we’re going to get rejected and come back down. I was surprised. I think I was talking about last week. I was surprised that they, they were shooting up on terrible earnings. However, it got rejected came back down kind of exactly what I was, but it would make sense. And I want to say, this wants to go down to 76. Again, I am, I want to be bullish on things, but it does. Doesn’t look like it’s very, very strong. However, it did basically pop on the 100. So that could be the turning point for this stock in RG and not something I even want to discuss. It just looks terrible. However, let’s give ourselves some lines we’re talking about from way this is let’s do something.
Okay. That’s one line we’re going even closer. Here we go.
What, why is it not drawing it where I want it to be there?
Which changes color. So I know which one I’m talking about. Yeah. Okay. Look so on that accidental middle line I drew it’s literally perfect
Support.