XJO up moderately today, +0.56%.
Today's candle was a bullish engulfing candle. That's encouraging - but - there's a lot of overhead resistance so it could be slow going from here on.
XPJ (Real Estate) +1.95% was the best performing sector today followed by XMJ (Materials) +1.16%.
Here's the XPJ chart:
That's a three-day bullish configuration on the chart. Big down day, doji, big up day. There seems to have been a massive change in investor sentiment. The first Supertrend line has switched from bearish (blue) to bullish (yellow).
For the strong minded - that looks like a buy signal. Note, however, that the Sector is still below the 200-Day MA. Keep monitoring.
No comments:
Post a Comment