FriscoTrades

XME Metals and Mining Weekly Long Idea

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AMEX:XME   SPDR S&P Metals & Mining ETF
Weekly chart on XME looks bullish IMO.

I went long commons with price targets above 53.5 and 59 , stop around 48.

Nice breakout retest bounce and the volume leads me to be bias to more upside.

Swinging this with shares, but the April 54C also looks active with 3K OI

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