XLK: failed H & S? Bottom is in? To be confirmed next week
XLK on 25 Feb shows signs of bottom. However it may still be rejected by the blue trend line & make a double bottom. Breakout of that blue line will VOID the H & S pattern & uptrend channel will continue to be respected.
Target price will be 188, a 30% upside from my predicted double bottom.
But if some good news will come next will, XLK will just cut through the blue line & never look back…
considering there is a slight bullish divergence on RSI.
Not trading advice but hope this helps
Target price will be 188, a 30% upside from my predicted double bottom.
But if some good news will come next will, XLK will just cut through the blue line & never look back…
considering there is a slight bullish divergence on RSI.
Not trading advice but hope this helps
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.