XEL possible 123 low in progress

Sorry Xcite, (Xel)

have they changed there name??
as i can only find a company called xcel Energy with that ticker

xel.l it's at 38p, (was £4) a few yrs ago obviously you sold I've been locked in.

This broke out of a recent 123 low. Hence a powerful move.


dl.dropboxusercontent.com/u/4899609/xel5thmay2015.png

There is a few resistances ahead, today it hit one of those resistances and reversed back slightly on first attempt.That level was 43.
Resistances...43,,,54.75,,,,59

The chart shows it could have turned the corner and higher prices may follow. This has broken the short term down trend line today so all looking positive but the price has to finish above that trend line and hold for a few days. This may back test 36 so a good level to go long at and with tight stops.

good luck.
remo