Financial ETF (XLF) looks like breaking the 200D MA resistance and 78.6 Fibonacci Resistance at $14.756. This resistance proved to be a very tough resistance as XLF failed to break for past 5 times. MACD and RSI are showing bullish signal on this breakout. However, XLF needs to come back to test this 200D MA as support before the uptrend is confirmed.
- Post author:Marubozu
- Post published:December 5, 2010
- Post category:Financial ETF (XLF)
- Post comments:0 Comments