SPDR S&P Regional Banking ETF
Long
Updated

KRE, update!

46
KRE

Price has come back into critical zone, trying to clear the resistance levels. Short term price momentum as indicated by red line is upwards. AS long as price above this line, stay long.

By joining various lows, I have formed the medium and long term support lines

Price has already created a support level near $48.87.

Important trading levels

R1 : $58.60
R2 : 65.77

S1 – 50.88
S2 : 45.16
S3 : 36.25

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Cheers
Note
Trendline being tested, await further candles to see how the momentum moves

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