XLC Strong Sector / Ready for Flat Base Breakout?
Updated
The Communications Sector has been doing well in this choppy market. This Weekly Chart shows 
XLC forming a flat base. And compared to other sectors it is showing good Relative Strength.
I have set an alert on the resistance line. If the market starts firming up and this triggers, I will use a lower timeframe to determine a good entry and stop loss.
Ideas, not investing / trading advice. Comments welcome. Thanks for looking.
XLC forming a flat base. And compared to other sectors it is showing good Relative Strength.I have set an alert on the resistance line. If the market starts firming up and this triggers, I will use a lower timeframe to determine a good entry and stop loss.
Ideas, not investing / trading advice. Comments welcome. Thanks for looking.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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