$XLV - HEALTHCARE ETF -
Added 2024-04-02 17:03:43 +0000 UTC$XLV is retesting its very long consolidated channel today at $143.
This channel was in place for over 2 years.
So a breakout was significant and the retest will be even more important.
We would need to see a hold of $143 to consider a position.
I have uploaded $UNH also today and have said that it is looking very attractive here but will need to hold support.
A confirmed hold at $143 and you have a perfect long term hold position here with solid and consistent gains for the next 2-3 years.
Comments
This used to be in safe heaven collection and got downgraded to just an etf?
A V
2024-04-22 12:49:48 +0000 UTCso it this invalid now? Chart still looks pretty strong to me
Marty Austin
2024-04-16 18:46:22 +0000 UTCLooks as though the 144 level held today
Jesse Barba
2024-04-03 18:09:16 +0000 UTC143 is the old high from April 2022. Slightly above the channel blue line at 141. Both have been drawn on previous charts
Marcus M
2024-04-02 21:59:35 +0000 UTCHey cap. That blue line was previously set at 141.83, curious as you to why you moved it up. Isn’t the latter a better/more conservative confirmation for support?
Nick
2024-04-02 21:12:16 +0000 UTC
