Not overbought yet, but right up against resistance. I took a few off the table today at 35c and 35.5c and will carry the rest in the event it breaks out through the 36.5c resistance. If it does, 41c comes into play and could lead to a very strong breakout on the weekly chart. Stops in a bit lower just in case it rejects resistance. Strong volume and a probably close near the daily high indicates sustained demand throughout the day, which is always a positive sign.
WEC Price at posting:
35.0¢ Sentiment: Hold Disclosure: Held