XLF is making new max today. There is an oportunity to take a long position today. In the next days the price should validate the new support, there we will have a second buy oportunity.
Back to basics strategy...
I will be following again the materials sector this week. This time I have CLF.
I like:
1) Didn´t break the 18 zone.
2) Didn´t break EMA 20
3) Did a nice hammer candle with acceptable volume
I will be looking for this:
1) An opening above 18,50
2) Volmue
My strategy: I will be taking a position above 18,50 with a stop loss below EMA 20. My take profit will...
If price opens on Monday above the new support line (24 to 25), this could be an interesting opportunity to enter a long position. This industry and specialy X are being benefited by the new infreastructure plan.
