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$IGV wait for confirmation (3/5)

Long
AMEX:IGV   iShares Expanded Tech-Software Sector ETF
Conviction: 3/5
  • Better to wait until we break above downtrend resistance line, but overall looks strong
  • seemed to bounce off 100WMA
  • RSI-W at historical buy points
  • bounced off (for now) 50% retracement

RISKS
Very expensive relative to historical trend

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