Financial Select Sector Stock Code XLF.NYS
Outlook
Price broke above the cloud in the previous trading session, changing the chart outlook to bullish. Conversion line and Base line had a bullish crossover and is hinting at a bullish price trend ahead. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish price trend. MACD is hinting at a bullish price trend after a bullish crossover and moving above the zero line. If price can stay above the cloud, it could be heading towards the previous resistance at $36.03 in the next -3 weeks.
Strategy
$33.90 Buy
$36.00 Price Target
$32.90 Risk Management Stop
3 weeks Trade Duration
