Software at 200sma + Horizontal Long
iShares Expanded Tech-Software Sector ETFArca
Description
⋅ IGV, a Software based ETF, is currently at the 200sma which has shown support before. It is also at horizontal support from February highs.
Trade setup is drawn in chart. The risk-reward-ratio is above 4.
Top 10 holdings
- MSFT (10%)
- CRM (9%)
- ADBE (9%)
- INTU (7%)
- ORCL (6%)
- NOW (5%)
- ADSK (2%)
- PANW (2%)
- SNPS (2%)
- WDAY (2%)
Good luck.