Small cap has seen a lot of influx, after the rotation from large cap and tech, after vaccines show positive reflections on the economy reopening, and continued low interest rates. These all support small cap companies, especially illiquid companies that will benefit from injections of capital via low interest rates. When the Fed signaled an earlier tapering of...
Good risk / reward ratio on this trade.
Breakout past a 2 month-correction. Good momentum.
- Target Entry: $112.90
- Target Stop Loss: $112.18
- Target Exit: $125.00
- Risk / Reward Ratio: 16.81
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...
An RSI move above 70 is bullish because it shows strong momentum. An RSI move above 75 shows even stronger momentum, but also increases the odds of a corrective period. RSI for $IJR is above 75 for the 5th time in five years. Bullish, but be careful…
The iShares S&P Small-Cap ETF has been in a bearish wedge pattern on its daily chart since early October. The price is once again testing the resistance line. The price is near an overbought condition while generating a bearish divergence on the RSI indicator.
I am targeting the support line of this wedge pattern first. If the price is able to break down through...
I am not long this ETF and not suggesting or trying to convince anyone to start a long position with this idea. If the chart analysis works we are not far away from 92 in IJR (S&P Smallcap 600 Index Ishares). As IJR has a high correlation with SPY - maybe a correction is under way. At the time of my chart analysis IJR was trading at 90.04.
