Saihati
Sep 18, 7:21 AM
Weekly Setup – Sitting on Key EMAs, But Weekly Flows Lag
Taking a look at Dominion Energy
$D on the weekly chart. There’s an interesting divergence happening right now.
Despite the stock closing green yesterday at
$64.29— recovering a daily net flow of
$54.52M—the weekly picture is still showing weakness. Before today's close, the weekly net flow sits at a negative -
$109.19M.
Right now, price is sitting right on top of critical support levels:
- 200 Daily EMA:
$63.57
- 50 Weekly EMA:
$62.80
- Gap fill below: extends down to
$61.92
Trend Channels:
This week marks the second week of breaking out from the uptrend that’s been maintained since the first week of April 2025.
To keep riding this uptrend channel, the stock needs to climb back up to
$65. If it fails to reclaim that level, we could easily see a drop down to the late
$50's to test the lower boundary of the uptrend channel.
Watching closely to see if these EMAs hold or if we slide down to the lower channel.
This is not financial advice.
