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SantaclausXI

LONG Idea - XLU Bouncing Off The Lower Trend Line

Long
SPDR Select Sector Fund - Utilities (AMEX:XLU)  
SantaclausXI Updated   
AMEX:XLU   SPDR Select Sector Fund - Utilities
Trend Lines
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0
trendline
Utilities are a good place to be with the current global slow down and a trade war here and there. Going long XLU should provide you with a good risk reward opportunity. XLU already bounced off the trend line turning up. A stop right under the trend line will limit your losses. Here is the daily chart and how it looks on a bigger time frame.
snapshot
Disclosure: this is no investment advice.
Trade closed: target reached:
First WIN on Trading view, target reached! 1 WIN - 0 LOSS
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