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zackxl
Jul 31, 2018 3:50 PM

FENY, weekly bullish flag? Long

Fidelity MSCI Energy Index ETFArca

Description

Taking a look at this as it a commision free energy ETF on Fidelity, Looks like a textbook bullish flag is forming. I personally am hoping for a slight retrace to 21.00 before and explosion to 23 and beyong. Weekly chart so may take a month to play out but something to monitor alongside the price of oil
Comments
zackxl
broke bearish, this is one the has a strong correlation with price of oil, so makes sense in this context.
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