XIU: Reviewing Possible Scenarios [Dec 2023]

ISHARES S&P/TSX 60 INDEX ETF UNIT (TSX:XIU)

TSX:XIU ISHARES S&P/TSX 60 INDEX ETF UNIT

XIU is approaching to a key reversal zone between 28 and 29 where a possible rebound is likely to happen. If XIU stock's price cannot hold above 28, the risk of bearish scenario toward 26 and lower would increase.

Support zone= 28/29
Resistance zone =32/33
Key level to watch=28
Downside risk = 26 and 20
Bias= Neutral

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