Seems like there is a sector rotation happening on Friday.
S&P and Dow30 rallied 1-2%, while Nasdaq lag behind by 0.65%.
The sectors that rallied on Friday were the Material, Industrial, and Consumer Cyclical.
It may be a good time to bottom-pick some of the bruised and battered cyclical.
This is a pure technical play on an oversold company.
The support level is around 131. A rebound back to the previous swing level, around 150, is possible.
CFD trade is possible on this.
S&P and Dow30 rallied 1-2%, while Nasdaq lag behind by 0.65%.
The sectors that rallied on Friday were the Material, Industrial, and Consumer Cyclical.
It may be a good time to bottom-pick some of the bruised and battered cyclical.
This is a pure technical play on an oversold company.
The support level is around 131. A rebound back to the previous swing level, around 150, is possible.
CFD trade is possible on this.
Join our telegram channel to receive free analysis videos and timely analysis updates.
t.me/joinchat/AAAAAEpysoIiZLpAi-2kTA
Our Patreon link
patreon.com/nimbuscapital?fan_landing=true
t.me/joinchat/AAAAAEpysoIiZLpAi-2kTA
Our Patreon link
patreon.com/nimbuscapital?fan_landing=true
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Join our telegram channel to receive free analysis videos and timely analysis updates.
t.me/joinchat/AAAAAEpysoIiZLpAi-2kTA
Our Patreon link
patreon.com/nimbuscapital?fan_landing=true
t.me/joinchat/AAAAAEpysoIiZLpAi-2kTA
Our Patreon link
patreon.com/nimbuscapital?fan_landing=true
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.