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jaxdog
Jun 16, 2021 1:03 PM
$INFL Breaking Out of Darvas Box
Long
AMEX:INFL
1D
Horizon Kinetics Inflation Beneficiaries ETF
Arca
Description
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Jun 16, 2021 1:03 PM
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.
Chart Patterns
Technical Indicators
Fundamental Analysis
Comments
JohnMuchow
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Jun 16, 2021 1:41 PM
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.
jaxdog
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Jun 16, 2021 1:44 PM
@JohnMuchow
, I agree. Very nice set-up. I also like how price is tightening as indicated by the ATR indicator at the bottom.
jaxdog
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Jun 16, 2021 1:46 PM
@JohnMuchow
, I will wait on this trade, if I take it, until after Powell presser.
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