The daily chart on XLU provides rationale to keep a place on our watchlist. Recently it made a golden cross and seems to have broken free of a downdraft in price. Now it looks like the RSI could be searching for overbought.
One option is a momentum trade targeting the $71+ price. Personally I'd like to see it hit overbought, then that a position of it pulls back down around the 50 & 200 day MSAs. Looks like with some patience there could be 15% out there depending on how things develop.
One option is a momentum trade targeting the $71+ price. Personally I'd like to see it hit overbought, then that a position of it pulls back down around the 50 & 200 day MSAs. Looks like with some patience there could be 15% out there depending on how things develop.
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bit.ly/46wEqLE
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Follow me on X for all my thoughts on the markets!
x.com/quickshiftinn
Signup with my Robinhood link and we'll both pick our own gift stock 🎁
bit.ly/4cm60iA
Use my link to get a Tradingview deal!
bit.ly/46wEqLE
x.com/quickshiftinn
Signup with my Robinhood link and we'll both pick our own gift stock 🎁
bit.ly/4cm60iA
Use my link to get a Tradingview deal!
bit.ly/46wEqLE
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.