Wednesday, February 22, 2017

2/22/2017: material ETF (XLB) update

The XLB has quite some weighting on chemicals such as DuPon or Dow chemicals who made break out recently. This ETF should be watched for break run also.


  • chart shape looks like a bowl 
  • CCI turn around up
  • RSI climbs higher



As long as price hold up $51, the short term uptrend is still. Buy entry around 52 is a good deal, the upside target is around 55.
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