KRE - Long on positive market conditions, risk 5%

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SPDR S&P Regional Banking ETF (AMEX:KRE)

AMEX:KRE SPDR S&P Regional Banking ETF

chartpattern wedgepattern supportandresistance long kre bullish technicalanalysis

Financial sector looks pretty good, showing relative strength, despite choppy market. Nice wedge breakout on heavy volume, with excellent mirror support level retest. We are looking for 71.30 level breakout. SL 67.80

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