10 October 2020

Entergy [ETR] Reports More Than 40,000 Without Power


#HurricaneDelta made landfall as a Category 2 hurricane, but Louisiana residents wouldn't know it as the storm has led to enormous power outages.  Entergy is a big utility in the area and the company reports more than 40,000 people are without power as of today [Saturday 10 October 2020].

#ETR looks to be capped by #TAOSTMagnetZone acting as resistance close to a 50% Fibonacci Retracement of the down move that started in February of this year.

Natural disasters like hurricanes often bode well for utility company earnings as they tend to make the demand for ancillary services both higher and far less price elastic.

If you're interested in this stock, watch how price responds to the magnet zone.  If it can clear it to the upside, use TAOST Magnet Zone as a support level against which to take long trades.

No comments:

Post a Comment

My Most Popular Posts

TAOST Topics

How To Trade Emotional Capital simple trading Simple Day Trading futures trading swing trading Emini Trading How It Works stalk candidate trade idea Bitcoin Daily Simple Trading Habit TAOST market update support and resistance trading intraday Process price action simple trading tools what to buy what to trade Best Retirement Investments Chart Patterns Focus New Trader Sins Swing Trade TAOST Trading principles day trading lifestyle how to day trade keep it simple risk risk management trends Are you too old Confidence FAQ FASTQ How To Invest Income streams It takes as long as it takes MAR Retirement Crisis Retirement Investment Retirement Trading TAOST Power Zones TAOST Price Clusters Trade Pattern Trading & Poker day in the life of a day trader how to trade Bitcoin learn to trade performance improvement sell signal side hustle the power of simple trading psychology trading rules trend persistence ultimate side hustle Buy Signal Charts To Watch Coil Distraction How To Trade EUR How to trade SPCE Mistakes Oh S#!t Gap Oil Optimization Process Ownership Portfolio Trade Private Equity Professional Gap Retirement 911 Risk Arbitrage S&P 500 Sacrifice Shooting Star TAOST Price Structure Trading Components Trading Myths Value Why You're Only 1 Setup Away chaos theory compounding context diversification downtrend extra money financial freedom how much money how to information is the stock market random kis linear regression channel lock limit down meditate money money management negative compounding optimize thinking pandemic position size prediction quantum leap improvement random random market update risk management plan sector selloff simple day trading risk management simple day trading strategy that works stock broker trading secrets training trend analysis