TomRom

$IHI drifting sideways or slightly up week aug 8

Long
AMEX:IHI   iShares U.S. Medical Devices ETF
0
The MACD is slowly turning bullish and the RSI is almost flat or slightly increasing but in a higher level. So there is still demand, but with that mildly bullish MACD, I see it continuing a slightly higher or sideways push till that MACD turns more strongly bullish. That would be a better buy point.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.