Support 1: 35.68 Resistance 1: 39.52
FITE ETF is currently in a ranging mode and based on the technicals, the ETF has the potential to have a short term bullish rally towards the upper bound of the range. The strong bullish pin bar/doji pattern has closed above the 78.6% of the retracement of the total range box. Also, the ETF has formed a potential double bottom.
The Relative strength index has shown that the ETF is currently oversold. The most comforting indication is that the ETF has entered into a bullish divergence.
SPDR S&P Kensho Future Security ETF- tracks an index of US stocks supporting technological innovations in future military and security applications.
Red dotted line = 200 periods moving average
Blue dotted line = 50 periods moving average
Green dotted line = 22 periods moving average
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