XEL

I forgot to add, on the Weekly, although it has broken out of its high from March this year, it has still to breach the other main point from September 2012.

This is currently at the uptrend support from the 64.75p low and key 104p level. Here's yesterday's closing chart:



dl.dropboxusercontent.com/u/20815047/FTS...XELdaily20_11_13.png

Just for those who still follow this one.

PS A close below that trendline brings into play supports at 88.75, 83 and 64.75.

This chart me a little of SXX leading up to, and down from, its double top at 30p so be careful. A 123-low trade might be the best policy here.

Today's close will be important IMHO.

Should be a free trade now here. Needs to close > 116/7p for a downtrend breakout otherwise it could resume the drop.

Could be a monster hammer here today but needs to close back above the uptrend at c. 104p for both the trend and the hammer.

Lot of stops got hit on this to take it down imho but it held at first major support below trendline which was 88.75p (hit 90).

Gonna needs wide stops below 90p though.

Closed at 102 so no hammer and, more importantly, closed below uptrend support on decent volume (for XEL) so looks in poor shape now unless it can get back above that trendline quickly.

Best to wait for a new higher low and then a 123-low breakout now imho. It could go a lot lower after today.