Communications are showing strength. This week they had unusual volume with new highs and seem to have found support. RSI is near the oversold area and XLC is sitting above the current most VWAP. There are support and resistance zones in the horizontal lines in grey. My stop loss will be around 92.89. My exit plan is once the gap is closed on 99.18. The shorts are running out of steam and volume has picked up over the last week. Looking for LEAPs.
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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.