Thursday, July 21, 2022

Energy May Be Turning On - Update 2

XLE Daily



We were doing so well, but today we took a dip. We created a lower high and lower low for the day, which is not what we want to see. Also, Stochastics are knocking on the door of the oversold level.

However, we managed to crawl back and close above the 8ema and the 20sma. So, I think we're still good. At least to hold overnight tonight.

The 50sma Target closed at 78.66, so we left our 78.50 Target unchanged.

No comments:

Post a Comment