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Bottomcatcher is an independent investment research firm dedicated to providing trading content to its members enabling them to become profitable when trading the markets.

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๐Ÿ”” ALERT MESSAGEโ—๏ธfor Ticker (XLI)

24/09/2021

INDUSTRIAL SELECT SECTOR SPDR FUND (ETF)

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#XLI
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๐Ÿ“… Date: 24/09/2021

๐Ÿงพ Asset: Ticker (XLI)

INDUSTRIAL SELECT SECTOR SPDR FUND (ETF)

Trading information:

XLI is a (ETF) which tracks the industrial sector stocks from the S&P 500. Industrials lagged near the bottom over the past month in total returns. What's interesting, at this point is the sector is experiencing increased selling pressure from retail traders. This usually gets my attention! Generally speaking, public opinion is mostly wrong. They actually increased their selling pressure in the demand zone, just where prices began to reverse! The likely outcome of this is higher prices going forward.

Note: This security is currently NOT in our buy zone.

Probability rating of breakout and follow through to target = 60%

If you are interested in trading this security or similar securities and would like specific ENTRY, STOP-LOSS and TARGET levels, in order to become profitable, along with updates and reports. Simply tap on the link below.

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#XLI
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๐Ÿ“… Date: 27/09/2021

๐Ÿงพ Asset: Ticker (ENG)

ENGLOBAL CORPORATION

Trading information:

Following on from our #XLI post on Friday, here's a tiny Nasdaq Industrials name you might want to consider. Prices are currently testing twin resistance today (Wedge resistance line and dotted Inside trendline) on good RVOL (12.41 x the avg.) which could be the precursor for higher prices going forward. The 200 DMA overhead resistance line needs to be taken into consideration, as sellers will be lining up to fill their orders there. However if the bulls can push past the 4.0 handle, we can expect mid 6s for quick profit taking.

Note: This security is currently NOT in our buy zone.

Probability rating of breakout and follow through to target = 60%

If you are interested in trading this security or similar securities and would like specific ENTRY, STOP-LOSS and TARGET levels, in order to become profitable, along with updates and reports. Simply tap on the link below.

๐Ÿ‘‰ TAP HERE ๐Ÿ‘ˆ

#ENG