In the wake of the Paris atrocity and increased efforts for military presence in Syria and the middle east in general, you can expect a rally in government contractor stocks. Pictured are three government contractor ETFs: XAR, ITA, and PPA.
Notice the big rally today, suggesting buying pressure. This is confirmed via the OBV indicator. We see a lot of resistance from below via the Ichimoku cloud. For profit targets consider the level from the high of 11/04, or the fibonacci levels anchored at the high of 8/18 and the low of 9/29.
For stop losses, consider the boundary of the Ichimoku cloud, and the fibonacci levels from below.
Notice the big rally today, suggesting buying pressure. This is confirmed via the OBV indicator. We see a lot of resistance from below via the Ichimoku cloud. For profit targets consider the level from the high of 11/04, or the fibonacci levels anchored at the high of 8/18 and the low of 9/29.
For stop losses, consider the boundary of the Ichimoku cloud, and the fibonacci levels from below.
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