XP - Potential Triple Bottom Reversal
XP just hit the 35 support level for the 3rd time, though on high volume, likely due to earnings season and impending expiry of options coming due on Friday (15Oct).
RSI shows oversold. At these levels, the stock typically rebounds, going by historical.
Potential triple bottom formation, building within channel 35 - 52. Watch for rebound and eventual testing of 52 to affirm reversal confirmation.
RSI shows oversold. At these levels, the stock typically rebounds, going by historical.
Potential triple bottom formation, building within channel 35 - 52. Watch for rebound and eventual testing of 52 to affirm reversal confirmation.
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