XHB-Homebuilders: Weakness At Key Levels, Waiting For Shorts
Traders
Clear weakness is seen here
-Lower low to an important resistance level, (Sideways as well as straight resistance levels, creating an action level)
-Sideways and straight resistance are having an impact on the stocks price.
-We are at 61.8 retrace of the corrective leg impulse, looking very nice for some downside
-Converging major MA's - Converging moving averages could create a death cross, (Already seen intermediate MA crossings occurs)
-Hidden bearish divergence on Stochastic.
Best of luck
Tom
Clear weakness is seen here
-Lower low to an important resistance level, (Sideways as well as straight resistance levels, creating an action level)
-Sideways and straight resistance are having an impact on the stocks price.
-We are at 61.8 retrace of the corrective leg impulse, looking very nice for some downside
-Converging major MA's - Converging moving averages could create a death cross, (Already seen intermediate MA crossings occurs)
-Hidden bearish divergence on Stochastic.
Best of luck
Tom
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.
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.