$PFF - Preferred stocks have reached a critical maximum for now and with today's price action we may see an additional confirmation to RSI an MACD. RSI has already dipped for a sell signal and MACD is showing a strong divergence with the price. Volume activity is showing as well that buying power is slowing down. If we have a bullish engulfing candle today as a...
Spy, IWN, PFF, DBA, IWM, just to name a few ETF's with Anchored VWAPs.
Today, we have a long trade to share on this ETF. Here is the full explanation a) The price is above a major Support zone that was resistance before b) We can see a clear ABC pattern (continuation structure above the Support and on the edge of the ascending trendline) c) Based on these 3 items, 1) Corrective structure b) Supported on a Major level c) The...