- XLK shows strong development within a rising trend channel in the medium long term.
- The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range.
- XLK is testing resistance at 151.
- This could give a negative reaction, but an upward breakthrough of 151 means a positive signal.
- Volume tops and volume...
in its short life span so far DOCU has recently seen a pullback. looks like a healthy correction. with the bool cross on the macd will not be surprised to see this continue upwards with momentum to previous poc. $50 target st. will look for entry if it breaks below $40
![XLK: XLK- Rising Trend Channel [MID TERM]](https://s3.tradingview.com/e/eyXKUhPg_mid.png "XLK- Rising Trend Channel [MID TERM]")
