After Japan, EEE saw a quick bout of heavy accumulation. There looks to be more upside, the real question is will this latest disaster which may be shaping up to one of the worst ever, have power utilities and governments looking toward clean coal, especially given events in MENA?
EEE's daily chart with accumulation in December, it seems that round ran its course, we may be starting a new round or at least a swing trade up.
It's not usual to see a divergence this big on a 15 min chart in 1 day, so there was some serious accumulation Friday. I'd guess there's more upside to come.
More confirmation of Thursday/Friday's accumulation-this is a leading positive divergence, again I'd think there's more upside to come.
Right now on the 1 min chart, 3C is trading in line with price-probably a consolidation. I do like EEE here and would consider buying this one for at least a swing move up.
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