SRE has been a good long opportunity since breaking above the $72 zone. On the weekly chart the 50ma has acted as support throughout the trend.
While the pullbacks on the weekly have all been within the normal parameters they have been a little more cumbersome to trade on the daily chart. The last two deep pullbacks both dropped to test the 200ma and figure 100 before bouncing back up. Now that area is cleared and, after earnings were released on 4th November, the bullish move continues.
A buy opportunity for SRE if you are happy to accept possible pullbacks.
While the pullbacks on the weekly have all been within the normal parameters they have been a little more cumbersome to trade on the daily chart. The last two deep pullbacks both dropped to test the 200ma and figure 100 before bouncing back up. Now that area is cleared and, after earnings were released on 4th November, the bullish move continues.
A buy opportunity for SRE if you are happy to accept possible pullbacks.