- XLK shows strong development within a rising trend channel in the medium long term. - The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range. - XLK is testing resistance at 151. - This could give a negative reaction, but an upward breakthrough of 151 means a positive signal. - Volume tops and volume bottoms correspond badly with tops and bottoms in the price. - This weakens the rising trend and could be an early signal of a coming trend break. - RSI diverges negatively against the price, which indicates danger of a reaction downwards. - Overall assessed as technically neutral for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern: DT - Double Top | BEARISH | RED DB - Double Bottom | BULLISH | GREEN HNS - Head & Shoulder | BEARISH | RED REC - Rectangle | BLUE iHNS - inverse head & Shoulder | BULLISH | GREEN