I do look at the bigger picture. If you check my previous posts you will see I'm very bullish about XEL and , for example, on Tuesday evening I commented that the end of the T+20 period that day from the RAR RNS coupled with the impeding AGM should see a nice sp rise into the AGM. However, sp rises aren't sustainable without volume and I'm not convinced there's enough volume behind this rise yet to stop it dipping back under 100 later today. There could be big news round the corner - and I hope there is - but if there is then it isn't being signaled by increased volume yet from those in the nod-and-a-wink know.
This will not retrace just yet. Look at the bigger picture. We are just days away from the AGM which could give us clear info on the direction the company is taking. There could be big news before it happens.
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