XLE: Breaking Critical Resistance

Zaktualizowano
Fundamental Backdrop:
- Weakening growth/momentum; strengthening value
- Rising Inflation
- Beaten down energy names; oversaddled with debt (debt is good with inflation)

Technical:
- MACD building up cause and growing
- Relative out performance
- Approaching resistance with strength; with potential break yesterday

Adding here with tight stops
Uwaga
Another consolidation completed, with strong relative strength performance, good place to add to position
Trend Analysis

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