Global Tech companies making a great comeback since giving brave investors the best Christmas (time of Low) 2018 gift ever. ISHARES TRUST GLOBAL TECH ETF now approaching its 200-day moving average at $162.91. Nice little inverse head and shoulders devolping, confirming the reversal in the downtrend.
A break through the 200-day moving could see the share price test the $166.84 levels, with the highs the ETF made in August & October last year (2018), being next target.
On the downside, watch the 50-day moving average at $150.26, with a break possibly testing the long-term trendline at $140.
A break through the 200-day moving could see the share price test the $166.84 levels, with the highs the ETF made in August & October last year (2018), being next target.
On the downside, watch the 50-day moving average at $150.26, with a break possibly testing the long-term trendline at $140.
Trade active
Nearing first target.Trade active
Clear break through R166.84 levels. Next target now moved to R177.Trade closed: target reached
$176.32
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.