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XHB bullish engulfing triangle breakout soon
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SPDR Series Trust SPDR Homebuilders ETF
(
AMEX:XHB
)
trademan1
AMEX:XHB
SPDR Series Trust SPDR Homebuilders ETF
0
0
The homebuilder's sector spdr had a doji on the 50ma and then a bullish engulfing candle the next day. The chart is in an uptrend and forming a symmetrical triangle pattern. The waves are mostly bullish so an upwards breakout should be likely.
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