I'm looking for a bounce to $41. I see an oversold rsi, with price action coming into the bottom of a channel, the 200 day MA is heading towards the price to add some additional support. Contingent on the general markets price action, if all else holds, xle heads to 41 and possibly $50 if a breakout ensues.
Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.