Three weeks ago the Power of the Pattern shared what looked like a great opportunity in the chart below… See original post Here

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We shared with readers that Hawaiian Electric (HE) looked to be creating a sweet opportunity. Below updates the performance since the quiz.

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Some feel utilities can be boring. When a multi-year ascending triangle forms, great opportunities can be found, even in the utility sector!

Below updates the pattern on HE since the quiz:

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Ascending triangles break to the upside two-thirds of the time and remain one of our favorite bull market patterns to play. HE continues to push higher and the measured move on this pattern suggests that it has more room to run to the upside.