ASX 200 Consumer DiscretionaryThe ASX 200 Consumer Discretionary sector, represented by the XDJ index, is displaying a bullish outlook for the upcoming weeks. This optimism is reinforced by the recent close, which held above the 20-day moving average (20MA). However, considering yesterday's lackluster performance on Wall Street,
WES - neutral to bullish strategy : Bull Put Spread ( options)
The Consumer discretionary sector is correcting in a Bull leg - it has done 'normal' correction so far in length and time;
SO looking at a stronger leading stock in the sector - we have a similar action.
As this places a slightly higher probability of the stock at least holding 'above' support zo
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Displays a symbol's price movements over previous years to identify recurring trends.