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trademan1

XHB bullish engulfing triangle breakout soon

Long
SPDR Series Trust SPDR Homebuilders ETF (AMEX:XHB)  
trademan1  
AMEX:XHB   SPDR Series Trust SPDR Homebuilders ETF
0
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The homebuilder's sector spdr had a doji on the 50ma and then a bullish engulfing candle the next day. The chart is in an uptrend and forming a symmetrical triangle pattern. The waves are mostly bullish so an upwards breakout should be likely.
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