the weekly RSI clearly shows broke the downtrend line, RSI is a leading indicator, price trendline be broken soon
Watching for a bullish Macd Cross over & Money Flow Break though key resistance
Right at the resistance, break 53 head to green land $LABU
watching $xbi for a bullish cross over on MFI & Macd scaling in 20%
A break of this neckline and my target changes to bottom of monthly cloud
Check out bottom trend line and today's bottom. Unconvincing bounce.
1) Gaps under 50DMA 2) long red Maruboza 3) About to cross daily Ichi 4) Breaks out of upward channel
Chart looks a bit different from $IBB with defined channel. Looks like it would be easier for this one to pull back farther though.
If this falls back in triangle, watch for a test of $50 and 50 day moving average.
Let's see if it gets a second wind.
Close matters more today but looking good.
Might need more time but the chart is sliced in two at this level. RSI turning overbought here on hourly - not yet on daily.
Key level upcoming. Watch it get tagged.
Still holding. Worth mentioning that RSI is still breaking through.
Not a strong close as the 52 price level was rejected but relative strength to the S&P was outstanding all day long. Still waiting for that higher high on the intermediate term that would come with a break of the pink triangle. Might be a good time to raise your stops if you entered around 50.
Gap up faded this morning. Another test might get us going.