Global Tech companies making a great comeback since giving brave investors the best Christmas (time of Low) 2018 gift ever. ISHARES TRUST GLOBAL TECH ETF now approaching its 200-day moving average at $162.91. Nice little inverse head and shoulders devolping, confirming the reversal in the downtrend.
A break through the 200-day moving could see the share price test the $166.84 levels, with the highs the ETF made in August & October last year (2018), being next target.
On the downside, watch the 50-day moving average at $150.26, with a break possibly testing the long-term trendline at $140.
A break through the 200-day moving could see the share price test the $166.84 levels, with the highs the ETF made in August & October last year (2018), being next target.
On the downside, watch the 50-day moving average at $150.26, with a break possibly testing the long-term trendline at $140.
Trade active:
Nearing first target.
Trade active:
Clear break through R166.84 levels. Next target now moved to R177.
Trade closed: target reached:
$176.32