XLE is looking to create a new run? Possibly with that inverted hammer that we see where sellers failed. It just made a huge gap down that will need to be filled. I could see it testing the $83.41 support and resistance shelf and retracing back to the upside to close the gaps back through $86.41.
Looks like much of this can be completed in 3 months, provided the momentum trend and sentiment doesn't change. We have some cooling of the RSI and MACD along with a dividend payment that just came on June 23, 2025. So, now let's look for more upside momentum. My stop loss is around $83.41 and profit targets are $86.41 and $87.80.
As always, do your own research and due diligence. These are my views and not trading or investing advice.
Looks like much of this can be completed in 3 months, provided the momentum trend and sentiment doesn't change. We have some cooling of the RSI and MACD along with a dividend payment that just came on June 23, 2025. So, now let's look for more upside momentum. My stop loss is around $83.41 and profit targets are $86.41 and $87.80.
As always, do your own research and due diligence. These are my views and not trading or investing advice.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.