$IGV: Potential Cup-with-Handle Pattern
Overview
IGV is the Expanded Tech-Software Sector ETF. Software has lagged while AI chips, hardware, optics, and other AI-related stocks have surged. Recent price action suggests that software names may be returning to investors’ radar, making IGV a useful indicator of the broader move.
Selected Top Holdings
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PANW
•
PLTR
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CRWD
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MSFT
•
ORCL
•
NOW
•
CRM
•
FTNT
Technical Setup
The chart appears to be forming a cup-with-handle pattern. IGV has moved above the handle area and is approaching the breakout zone. The pattern would be confirmed by a successful break above that level followed by a sustained hold.
Position and Plan
I am already long IGV with a full-size position initiated when price broke above the handle area. I have set an alert at the breakout zone; if price breaks above and holds that level, I will consider adding to the position.
Risk Reminder
As always, make this idea your own by following your trading or investing plan. It is your money at risk.
IGV is the Expanded Tech-Software Sector ETF. Software has lagged while AI chips, hardware, optics, and other AI-related stocks have surged. Recent price action suggests that software names may be returning to investors’ radar, making IGV a useful indicator of the broader move.
Selected Top Holdings
•
PANW•
PLTR•
CRWD•
MSFT•
ORCL•
NOW•
CRM•
FTNTTechnical Setup
The chart appears to be forming a cup-with-handle pattern. IGV has moved above the handle area and is approaching the breakout zone. The pattern would be confirmed by a successful break above that level followed by a sustained hold.
Position and Plan
I am already long IGV with a full-size position initiated when price broke above the handle area. I have set an alert at the breakout zone; if price breaks above and holds that level, I will consider adding to the position.
Risk Reminder
As always, make this idea your own by following your trading or investing plan. It is your money at risk.
Ghi chú
IGV is not "yet" performing as I had hoped. I have modified the chart a bit. It needs to get up and over the wedge and then break above the higher resistance line to be valid. If I were long, and I am, my stop would be under that newer support area I have drawn. For me, it would need to have a decisive close below that area.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.