Technical Analysis of STOCKS & COMMODITIES
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ARTICLE SYNOPSIS...Ever since the Utility Select SPDR began its bullish journey, the sector moved in a steady rhythm in an ascending channel. The movement within the channel has allowed perfect entry-exits for the traders. Let's look at the current one.
ARTICLE SYNOPSIS...XLU is undergoing a pullback rally in a highly bearish trend. The size of candlesticks along with the indicators on the chart of the stock will help identify the strength in the rally.
ARTICLE SYNOPSIS...The long consolidation period for the Utilities Select Sector SPDR ended with a robust breakout. But a breakout rally is likely to come under threat.