$VDE Energy Sector Profit Taking/Profit Protection Time
As the energy sector is heating up, it could be time to start locking in profits or raising stops to protect profits earned from the recent run up
Energy more then likely will continue the overall uptrend in the long term as it works it way back towards its 2008 highs however from the recent short term high as the sector has run into a major resistance area over the past few years and increasing by nearly 40%+ since the start of the year to run into this area, it could just as easily pull back a big part of this move before it could be ready for the next leg higher
Energy more then likely will continue the overall uptrend in the long term as it works it way back towards its 2008 highs however from the recent short term high as the sector has run into a major resistance area over the past few years and increasing by nearly 40%+ since the start of the year to run into this area, it could just as easily pull back a big part of this move before it could be ready for the next leg higher