jaxdog

$INFL Breaking Out of Darvas Box

Long
AMEX:INFL   Horizon Kinetics Inflation Beneficiaries ETF
Beside breaking out here, this ETF is an inflation play. I encourage you to "Google" the symbol and check out it's holdings. As with all my ideas, I am not making any recommendation to buy or sell. Please do your own due diligence.

Comments

The previous two boxes look to be a cup-with-handle and a cup. I also like how the price is above all the moving averages.
Reply
jaxdog JohnMuchow
@JohnMuchow, I agree. Very nice set-up. I also like how price is tightening as indicated by the ATR indicator at the bottom.
+1 Reply
jaxdog JohnMuchow
@JohnMuchow, I will wait on this trade, if I take it, until after Powell presser.
+1 Reply