Catch the EIX knife?!This method uses Fibonacci to find key levels as we're heading down. We're on one, right now. We are likely to at least bounce, here. so a decent entry. Worst case, set your stop fairly tight below this level. You can see this method explained in more details published in my ideas with JBLU and NIO examples.
Since TV says this idea is too short I want to wish you all happiness and good health! Practice good risk management, be patient, and wait for A+ trades.
EIX1 trade ideas
Stock Of The Day / 01.10.25 / EIX01.10.2025 / NYSE:EIX
Fundamentals. The second day of active sales amid wildfires in California.
Technical analysis.
Daily chart: Level 64.56 is ahead, which is formed by a trend break in April 2024.
Premarket: Low activity.
Trading session: After an attempt to grow from the opening, the price bounced off the level 70.50 and went below the opening price, where it found support and began to tighten to level 68.00. We are considering a short trade to continue the downward movement. The stop will be too large If we enter aggressively into the breakdown, so we wait for a retest after the breakdown to open a position.
Trading scenario: #breakdown_retest (#tightening_retest) of level 68.00
Entry: 67.55 below the low of the retest.
Stop: 68.03 we hide it behind the level with a small reserve.
Managing the Trade: After a confident downward movement from the moment the position was opened we observe a pullback at 10:45 a.m. occurred in the form of two long candles. At the same time, we pay attention to the fact that the volumes for purchase are rapidly decreasing during the pullback. We watch the reaction to the level 66.50, if the sellers hold it, then we continue to hold the position, otherwise we close part of the position.
Exit: Close part of the position before the daily level of 64.56. Close the remaining part of the position at a price of 64.57 when the structure of the downtrend is broken.
Risk Rewards: 1/6
P.S. In order to understand the idea of the Stock Of The Day analysis, please read the following information .
Stock Of The Day / 01.08.25 / EIX01.08.2025 / NYSE:EIX
Fundamentals. Negative background due to power outages due to wildfires in California.
Technical analysis.
Daily chart: Change of uptrend to downtrend. Level 69.00, formed by the trend break in June 2024 is ahead.
Premarket: Gap Down on moderate volume.
Trading session: The primary impulse from the opening of the session was stopped at the level of 73.50 and the price began to tighten to the level with each subsequent pullback being smaller than the previous one. We are considering a short trade to continue the downward movement.
Trading scenario: #breakout (#squeeze) of the level 73.50
Entry: 73.25 aggressive entry into the breakdown.
Stop: 73.76 we hide it behind the high of the last pullback.
Exit: Close part of the position before the strong daily level of 69.00. Close the rest of the position at 67.69 when the structure of the downtrend is broken.
Risk Rewards: 1/10
P.S. In order to understand the idea of the Stock Of The Day analysis, please read the following information .
EIX is presenting a fantastic second chance for traders. 🔴 EIX is presenting a fantastic second chance for traders.
A new opportunity has appeared on the NYSE:EIX chart. A few days ago, we had the breakout of a double top, which has already set a risk-free trade in motion. Now, it offers a chance for those who missed out to enter a new trade by taking advantage of a pull-back.
The last pull-back offered by EIX in July 2024 generated over a 20% return in 2 months, so we shouldn't overlook the pullbacks of this stock.
✅ What pattern is unfolding in EIX?
NYSE:EIX has created a technically perfect double top pattern. We have two identical highs, and it has just broken the support line at the same time as the 2024 upward trendline was broken.
It seems we are entering an interesting bearish phase for traders.
💰 How to trade this chart pattern?
A double top chart pattern is typically traded by selling when the support line is first broken.
In this case, a pullback is occurring to the support line, making it an interesting area to sell again.
By doing this, you can set the Stop Loss at a 1.5% risk and the take profits at 6% or 10%.
🛡️ The risk management strategy
As we have done in so many previous ideas, remember you can split the position in 2.
- 50% of the position in a take profits, at least, as large as your stop loss (adapt SL and this 1st TP to local supports/resistance levels). In this case, a 3% TP for 1,5% SL (see the chart).
- 50% of the position to a price as large as the previous pattern, which would mean a profit of 10%.
You can also use the 6% Take profits or even split the Take profits in two, searching for 6 and 10% profits.
✴️ ENJOY AND FOLLOW for more 😊
End of the Trend?It is not a Shooting Star and not a Hanging Man. And I am to lazy to look into my Nison bible what the name of such a candle on top of a Flagstaff is. At least it is not a bullish signal.
When we will hold this price level until Thursday -and I expect it to do so- then a downward correction is likely. I will have a look at the Fibonacci levels to get an idea of the first targets.
Edison International AnalysisEdison International, a company of a worthy name but unworthy financials.
For the past 7 years, their profit margin was between 5% and 10% per year, except in 2018 where it went negative. Let's call that a decent performance for a utility company, one bad year can happen to anyone.
But where things get interesting is its debt. For one reason or another, Edison has been steadily growing its debt year after year which can best be seen by looking at its debt/equity. The ratio has been steadily growing from 1.04 in 2016 to 2.12 in 2022, a very slow, steady and consistent journey to where you do not want to go. To make the picture even grimmer, the company didn't have a single year with positive free cash flow since 2016, which certainly didn't help with debt.
Now, those decent profit margins, in the context of that debt, raise a question - Is the company making money just so it can spend more money it doesn't have ?
I don't know what the folks at Edison have in mind, but it appears as things in there run in reverse. As if good business is building debt instead of equity and never having any cash at your disposal. Or maybe I've got it wrong, who knows.
Anyway, we'll find out, to modify Warren Buffett - time will tell who's been swimming naked.
Have A Great Day.
EDISON INTERNATIONAL Strategy DailyHey guys, EDISON INTERNATIONAL is in a fake bearish movement with a small volume of sells and a shadow of sellers. On the TIMEFRAME M1 we see a panic with an abnormal sales volume, it goes towards its last previous lower to turn around. Great likelihood of reaching the high point (See TIMEFRAME H1) between catching up on losses from the last session and before. With the buying push at the rendezvous we can arrive on the top of after that we find on the MULTIFRAME Daily H4 and H1.
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EIX a potential longUtilities sector are a big bore but seems it is doing a continuation pattern after a hefty pullback. I would place a long for the funz here, especially on ex-dividend date where price drops. I would be wary of SPX rally exhausting but if the employment data surprises positively then it can go similar to last month's rally before pullback.
EIX - DAY TRADE Hi, today we are going to talk about EIX and in a Day Trade opportunity.
We observe a 15m chart, some important points such as supports and resistances (and levels of strength) to the Day Trade. The details are highlighted above.
Thank you for reading and leave your comments if you like.
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EXI - Call OpportunityEIX had a major gap down from 80 all the way down to 60 where it's trying to make its next run up. There is currently resistance at 70 and uptrend support at 67.50. 9 and 21 EMA at both about 68. Looking for dip buy opportunity at 68ish, looking for the break out at 70. MACD is about to confirm bullish cross on daily. This looks like a slight cup and handle break out opportunity. We'll keep a tight stop loss under 67.00