Below you will find pages that utilize the taxonomy term “Chart Reading”
I picked up a few shares of XLE yesterday. I figured it was beaten down enough and should revert back to the mean, hopefully around $60.
Chart wise I see two things happening. First, I see a window was opened when XLE fell off the cliff in March. I should probably do the statistics on it but the general wisdom is that eventually this window would be shut. If that’s to be believed then the price for XLE should rise ~ $43/share in time.