Utility stocks are due for a short term bounce

A beautiful, self explainatory chart. I have started a long position based on this weekly trendline (orange) being hit with high velocity, expecting a decent bounce.
Disclaimer : Educational idea only. Not a financial advice. Consult your CFA for financial advice.

Сделка закрыта: достигнута тейк-профит цена:

There is your 5% bounce. Enjoy the profit.