$XLV - SAFE HAVEN - ETF
Added 2024-06-28 11:05:33 +0000 UTCMy position is that the Healthcare sector is considered a Safe Haven during a uncertain market conditions and I believe the breakout here, after a long consolidation between 2021 and 2024 reinforces that belief.
Price is staying above the blue line at $143 and above the 50 and 200 Day MA, having found support on the 0.38 Fib at $138 and bounce.
If the price can continue holding above the breakout level at $143, I believe there is a drift up to the $180 level next.
Comments
Yeah not a bad idea, it's one of the stronger ETF's
Gareth Neary
2024-06-28 11:11:49 +0000 UTCReally like this one as a place to park cash .. nice call
TommyJR
2024-06-28 11:07:39 +0000 UTC
