XLC Strong Sector / Ready for Flat Base Breakout?

2023年10月15日

The Communications Sector has been doing well in this choppy market. This Weekly Chart shows XLC forming a flat base. And compared to other sectors it is showing good Relative Strength.
I have set an alert on the resistance line. If the market starts firming up and this triggers, I will use a lower timeframe to determine a good entry and stop loss.

Ideas, not investing / trading advice. Comments welcome. Thanks for looking.

2023年10月15日

註釋

Here are the top holdings if looking for individual stocks, listed by weighting:
META, GOOGL, GOOG, CMCSA, ATVI (just bought by MSFT), CHTR, TMUS, NFLX, VZ and T