As previously shared my bullish view on PSUBanks in August last year, they did a dream rally from there on and now after a correction from hitting the supply zones they are back in good demand zone.
The index is currently making falling wedge on weekly tf, with a large picture showing a cup & handle where handle is potentially the falling wedge formation, Also a good weekly bullish engulfing candle on previous resistance, which has now turned into a good support.
So, PSUBanks ETF along with some good PSU Bank stocks may be interesting to watch out in coming weeks
The index is currently making falling wedge on weekly tf, with a large picture showing a cup & handle where handle is potentially the falling wedge formation, Also a good weekly bullish engulfing candle on previous resistance, which has now turned into a good support.
So, PSUBanks ETF along with some good PSU Bank stocks may be interesting to watch out in coming weeks
Comment:
PSU Index in firing mode :)
Comment:
Now PSU bank index is talk of the town :)
Comment:
High probability of breaking out from 444 weeks of consolidation
