Deep Retracement to Weekly Channel Low
Hi All,
I have this ETF on my watch list for a potential long entry at 68.53 preferably. As you can see the technical aspect of the security is rather simple which is good. Price has run in a bullish channel since the 08'/09' sell-off. This buy point is just an initial prospect for entry, as price action moves forward entry can change.
I will update with targets and stop loss orders once price creeps nearer to entry. Cheers. =)
I have this ETF on my watch list for a potential long entry at 68.53 preferably. As you can see the technical aspect of the security is rather simple which is good. Price has run in a bullish channel since the 08'/09' sell-off. This buy point is just an initial prospect for entry, as price action moves forward entry can change.
I will update with targets and stop loss orders once price creeps nearer to entry. Cheers. =)
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