XLC SPDR ETF long swing trade idea
I recently tweeted few ETFs that went looking good at the time, one of them was
XLC
.
The ETF look much healthy and attractive now, the price managed to come back above the 200EMA and now it's above the 50EMA. This means that the uptrend is still intact, and for that reason I'm taking a swing trade on
XLC
. This trade has the potential to yield a 1:3 risk-to-reward.
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XLC
. The ETF look much healthy and attractive now, the price managed to come back above the 200EMA and now it's above the 50EMA. This means that the uptrend is still intact, and for that reason I'm taking a swing trade on
XLC
. This trade has the potential to yield a 1:3 risk-to-reward. Find this analysis helpful? Be generous on that follow button for more charts and market commentary.