IWN on the reliable daily chart has been trending down for two in a descending channel as
shown on the chart with upper and lower trendlines drawn with the tool. The Stochastic RSI
oscillates in the interval between oversold and over bought and presently is well
overbought at nearly 100. While the RSI may double top like it did in July, it is at least...
IWN as shown on the weekly chart has been obviously in a downtrend as also shown by
the EMA ribbon.
Using the uptrend from the Covid crash into November 2021 and then a retracement from that,
IWN is approchaing the 38.2 Fibonacci level at 128
From there it could bounce up or continue the downtrend.
The Mass Index being below 27 suggests a continuation before...
Sector Rotation from Small Cap Growth to Value -
IWO: the Ishares small-cap Value ETF
IWN: The Ishares small-cap Growth ETF.
This chart plots the strength of Value vs Growth - if its trending Higher Value is in favor by the markets. If it's trending lower, Growth is in favor.
Good risk / reward ratio on this trade.
Breakout past a 3-month correction.
- Target Entry: $167.50
- Target Stop Loss: $165.02
- Target Exit: $185.29
- Risk / Reward Ratio: 7.17
About me
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are...
Looks like a head and shoulders top with a ABC down forming. IWN had a similar patter last June with a ABC down then - see chart. Not financial advice.
IWN is definitely under-performing large caps. Unlike in previous years, it has not started it's December rally. We just need to wait and see which direction it is breakout.
Russel done making it's correction with a EW triple combination.
Finding support at the middle of trend channel.
More important...Closing within bollinger band.... I see a move up here.
Safe trading Ladies and Gents!
BM
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