XYL has produced a similar double bottom which will lead to bull continuation, as was seen in the first double bottom Very nice comparable chart patters
0.618 can act as a great support for price as it moves slightly down along the up trend line in green A few channels earlier in prices evolution can be identified also This is the Weekly chart for XYL
$XYL Breakout. Daily chart, Xylem Inc (XYL) is scheduled to reveal its Q4 earnings on Thursday, February 6 before the market opens.
XYL seems breaking down underneath Resistance, and seems forming a flag formation. Downward volume is increasing & moneyflow is going down as well. We think if it can break below $46.63 it can go all the way down to $40 area. * Trade Criteria * Date first found-February 9, 2017 Pattern/Why- Resistance breakdown, Inverted flag formation Entry Target...
XYL looks very suitable short opportunity as it has lots of weakness. It has moneyflow divergence & insider selling. It also breaking down from a long upward channel. We think it will decline to 46 & lower, and we are considering $50 January puts, last traded for $2.55 You can check our detailed analysis on XYL in the trading room/ Executive summary link...
In a strong up trend however it's forming a bullish momentum divergence in the daily chart which suggests momentum is slowing. Buy on a pullback to demand zone. The demand zone highlighted here in yellow also coincides with former resistance on the weekly chart. Entry: $39.47 Stop Loss: $38.93 Target 1: $43