I SHARES RUSSEL 2000 INDEX WEEKLY CHART
I SHARES RUSSEL 2000 INDEX DAILY CHART
- THE Index is moving up in an upward moving channel.
- A close below 64 will break the channel. Staying above 64 the channel is valid and will move up to 74 in the coming weeks.
- Keep 62 as stop loss for a long trade.
- Daily chart shows the index closing above its 200 day moving average.
- Trading above 64 will lead to upside targets of 70 and 74.
thank you
@Ticker Street
ReplyDeleteI have gone by the weekly up moving channel. So 64 is the level that i will watch out for. Anything below 64 breaks the channel. As long as it maintains above 64 the channel is valid. And the above mentioned targets may be achieved.
You have given good charts to validate your point of view
thank you