This is a pretty hot sector, the consolidation looks good to me.
The trend channel has held the entire uptrend, I'd consider it as a stop.
3C isn't showing much here as many indicators get turned around in consolidations, but a move above $11.60 would be very interesting as a long position.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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