Long Healthcare? Think Thrice $XLV

August 17, 2012

Let’s look at the heikin-ashi charts: The Health Care ETF ($XLV) heikin-ashi chart in three time frames does not show any rush to explode from here soon.

Daily: Confusion, three times at resistance.

Weekly: An obvious negative divergence Price :: haDelta

Monthly: Another negative divergence late 2011 :: present with a very tough haDelta resistance to overcome

Conclusion: Let’s forget about healthcare for now.

Long Healthcare? Think Thrice $XLV  8/16/2012

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