Home > heikin-ashi > Why the Homebuilders ETF $XHB Looks Bullish

Why the Homebuilders ETF $XHB Looks Bullish

November 26, 2012

The haDelta bullish crossing at zero on the weekly chart is an indication that $XHB has more steam ahead in the medium-term.

 

Why the Homebuilders ETF $XHB Looks Bullish  11/26/2012

 

On the other hand, the daily chart shows $XHB close to a resistance area, with some room left to advance until it hits the top boundary of this area.

 

Why the Homebuilders ETF $XHB Looks Bullish  11/26/2012

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