XEL Forming Intermediate-Term Top, Downtrend Risk

XEL is at risk of an intermediate-term downtrend after topping recently. The strong support level is near 44-40 for the first big bounce up level.

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Chart PatternsdowntrendMultiple Time Frame AnalysisrisksellshortStockssupportSupport and ResistancetoppingXEL
Martha Stokes, CMT
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