XIU: Reviewing Possible Scenarios [Dec 2023]

XIU is approaching to a key reversal zone between 28 and 29 where a possible rebound is likely to happen. If XIU stock's price cannot hold above 28, the risk of bearish scenario toward 26 and lower would increase.

Support zone= 28/29
Resistance zone =32/33
Key level to watch=28
Downside risk = 26 and 20
Bias= Neutral