Sunday, March 6, 2016

Tech. Ready to Explode

Spent too much time reviewing charts this weekend.  I focused on weekly charts to get a better feel for longer Swing Trades or even Buy & Holds.

I notice the Tech. Sector really looks ripe here for opportunity and on sale. Adding value.

SMH Weekly:








SMH got very "Depressed", recovered & then got the expected pullback.  Now Price is carving out the right side of a nice "W" Pattern. Fresno MACD Bullish Histo.

XLK Weekly:








XLK is the Tech. Sector ETF and helps confirm a Bullish Tech. Sector and on sale in the "Value Zone".

Have a nice weekend and check some Tech. Stock charts out. Please see $BIDU.

Cheers.



No comments:

Post a Comment