XLI is showing great strength as is 3M after its fall from a analyst report. This sector shows great accumulation over the last 3 months and even until this week. A buy area for me would be a retest of the previous high on a pullback
1. one of the strongest sectors over the last 3 months and under accumulation last week
2.above the cloud all three time frames: bullish
3.above tenken and kijun line all three time frames with both pointing up bullish
4.broken out of its consolidation pattern this week: bullish.
5. Chickou line above price from 26 days ago: bullish
overall market bullish
6. 3M is another chart to look at in this group
1. one of the strongest sectors over the last 3 months and under accumulation last week
2.above the cloud all three time frames: bullish
3.above tenken and kijun line all three time frames with both pointing up bullish
4.broken out of its consolidation pattern this week: bullish.
5. Chickou line above price from 26 days ago: bullish
overall market bullish
6. 3M is another chart to look at in this group
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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.