TradingView
CheelooTrader
Nov 7, 2023 11:07 AM

ITA - Defense ET Long

iShares U.S. Aerospace & Defense ETFArca

Description

  • Broke out of falling wedge around 109 and is moving well in the supply zone.
  • With two wars, geopolitical risks are high and this could play out as a good hedge.
  • First target would be around 117. New pivot there might set this up for higher price.
    * I am long from 109.50

Trade active

Working nicely off of Weekly 200 bounce and holding well near ATH. Likely to shoot higher above 180.

Comment

More