ISHARES S&P/TSX CAPPED FIN IND ETF UNITViés de alta
XFN bottomed out, heading toward 50
XFN bottomed out on Jul 14 and since then has been bullish. It has demonstrated a strong momentum. Looking closely at key metrics it shows that the low of 42.43 would not breach for the balance of the year. Based on its current pattern, there is still more room to run. However it is hard for the stock to get through the area between 48.8 and 50 during the third quarter.
The most probable scenario is to see the stock trade above 45/47 zone and below 52/54 by the end of this year.
The most probable scenario is to see the stock trade above 45/47 zone and below 52/54 by the end of this year.
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