EXE: Riding the Rising ChannelExpand Energy CorporationBATS:EXEibraheeemzPrice has respected this long-term rising channel for several years, repeatedly oscillating between support and resistance while maintaining its primary uptrend. After the latest correction, EXE has once again tested the lower boundary of the channel, an area that has historically attracted buyers. 🔍 What stands out? 📈 Long-Term Rising Channel Price continues to respect the channel structure, with each major pullback finding support near the lower trendline before advancing toward the upper half of the range. 🟢 Channel Support Holding The recent bounce from channel support suggests buyers are stepping in at a key technical level. As long as this support remains intact, the broader uptrend remains valid. 🎯 Multiple Resistance Levels Ahead Rather than expecting a straight move to the top of the channel, there are intermediate hurdles that could slow the advance. 🎯 First Target: 102 🎯 Second Target: 114 🚀 Final Target: Upper Channel Resistance, 125 and beyond. A successful break above each level would improve the probability of reaching the next objective. 📊 Trend Structure The current pullback appears corrective rather than impulsive. Holding above the lower channel boundary keeps the long-term bullish structure intact. ⚠️ Invalidation A decisive weekly close below 85 would represent a loss of channel support and weaken the current bullish thesis. 💡 Key Takeaway Trading with the prevailing trend often means buying near support rather than chasing breakouts. When a stock repeatedly respects a long-term channel, the highest reward-to-risk opportunities frequently appear near the lower boundary, while logical profit targets lie at intermediate resistance levels and eventually the upper channel resistance. This analysis is for educational purposes only and reflects my interpretation of price action and market structure—not financial advice. Always do your own research and manage risk accordingly.