XLU formed a bullish flag pattern after breaking out of a descending trendline recently
Price has broken and closed above the flag which is the resistance on 15 March
Long 700 shares at 71. 01
Stop loss will be previous pivot low
Price has broken and closed above the flag which is the resistance on 15 March
Long 700 shares at 71. 01
Stop loss will be previous pivot low
Note
Edit: This is a failed breakoutDisclaimer
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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.