XRT-the retail stocks, have had a nice run from being oversold.
By my measures it is time to lighten up.
XRT-is at a Fibonacci .618 retracement, and there is a lot of over-head supply at about $46.50.
The phase energy is positive (lower indicator on top), but sagging.
RSI / Stochastic (top indicator) is over-bought, and likely to roll over (to the down side) soon.
The Ichimoku Cloud is drifting lower vs its level in May. This indicates a loss in upward momentum.
My opinion:
At best this is dead money. More likely, a decline will start soon.
Good luck to you. Don.
By my measures it is time to lighten up.
XRT-is at a Fibonacci .618 retracement, and there is a lot of over-head supply at about $46.50.
The phase energy is positive (lower indicator on top), but sagging.
RSI / Stochastic (top indicator) is over-bought, and likely to roll over (to the down side) soon.
The Ichimoku Cloud is drifting lower vs its level in May. This indicates a loss in upward momentum.
My opinion:
At best this is dead money. More likely, a decline will start soon.
Good luck to you. Don.
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.