XLU Utilities ETF (US: XLU) technicals indicate further upside after our report dated 20th September has successfully rebound from the said support zone at US$62.86-US$63.70. We believe there is further upside:
*Expected timeline of the trade is 15 weeks from the date of report issuance.
*US$68.00 resistance level remains crucial. Should it fail to break after 4 consecutive periods, the bullish call on this report will be invalidated.
For more Technical Reports please visit: https://www.stocksbnb.com/technical-pulse/
Ichimoku Kinko Hyo
Red dotted line = 26 periods Kijun-Sen
Blue dotted line = 9 Periods Tenkan-Sen
Green Line B= 52 periods Senkou Span B
Pink Line A = 26 periods Senkou Span A
Blackline = 26 periods Chikou Span. Lagging line
Join our telegram channel on technical analysis for trends, entry and exit prices over Stocks, ETFs, and Indices!Featuring regular TA posts and requests to analyse specific stocks