XEL has been on a strong downtrend since August, which has only since broken out in December. The .382 fib level has been tested and the RSI on the daily chart is still close to 50, indicating that it is still in an uptrend and it is ready to test the level again. Much of its downward momentum ROC has already been expended, though the current market correction may complicate this signal.
Buying in at the demand zone of 0.00004000 - .00005205
There are four possible targets at previous resistance levels: .00009, .00014989, .000178, with 320% being possible if the .382 fib resolves bullish. There is also a less likely target near the all time high, at .00023596.
