Chart of the day: XLI

September 25, 2011

XLI will not break the support, at least in the very short-term.

Heikin-ashi chart shows uptrends, downtrends, and reversals in a very clear manner; no room for guessing.

On the other side, haDelta (the quantifiable aspect of the heikin-ashi technique) in the second pane, confirms the support and generates a weak long signal.

As long as the short average remains in negative territory, XLI does not have any chance to break to the upside.

Chart of the day 09/23/2011 XLI

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