The Long Investor

$XLV - RC

Added 2024-07-10 12:41:51 +0000 UTC

$XLV is a chart that does not need to be uploaded again because the price action continues to follow our chart but I think it is worth highlighting again as a potential safe haven if the market corrects over the next few months. The healthcare sector is an area that tends to perform well relatively in a correction phase and the long consolidation since 2022, followed by a breakout is further signs that capital is flowing into this sector now.

Small ascending triangle has formed above the breakout level at $143, a break higher above $148 and holding, can allow the price action to move to the First Target at $180.