trademan1
Long

XHB bullish engulfing triangle breakout soon

AMEX:XHB   SPDR SERIES TRUST SPDR HOMEBUILDERS ETF
35 0 0
The homebuilder's sector spdr had a doji on the 50ma and then a bullish engulfing candle the next day. The chart is in an uptrend and forming a symmetrical triangle pattern . The waves are mostly bullish so an upwards breakout should be likely.
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