Bull Flag Forming in Energy Name Coiled for Explosive Move
Shell (SHEL) hitting the Ready to Run scan as shares are nearing a breakout above this bull flag forming just under the 60 level and closed Tuesday strong above monthly value highs. A move through 60 likely sees a first target of 62.50 where an extension target sits and then 63.61 a VPOC above that. SHEL is in the oil patch and energy stocks had a strong rebound today with XLE holding key support at 85.
