XRT Double Bottom

Posted by StockBuz on August 5, 2017 at 10:47am in Long Setups

Are investors getting over the fear of Amazon dominating the retail space? I've been watching this retail ETF since the low, hoping for a double bottom and we're nearing the breakout point. Set your alert. Target is shown, if not more; up to the fibonacci line shown. Of course bearish investors will be shorting up here; hoping to form a double top. It can go either way. Watch for bigger volume on a breakout. If it fails, you know where the lower (bearish) target will be. Enjoy!

Comments

Admin

StockBuz August 20, 2017 at 1:18pm

Well that didn't work. What a mess

This reply was deleted.

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