Jun. 16 at 7:40 PM
Mañana.
That’s what
$ICON,
$XTIA and
$FTEL are all telling me.
ICON is having a 26% correction on just 2% of Friday’s volume. The vast bulk of Friday’s buyers seem to just be grinning and bearing the downturn, indicating they think there is significant upside worth HODLing for.
XTIA is coming just short of touching its 20-Day SMA line on the daily chart, as it has on previous higher lows in its current uptrend so far. Even though it’s been a steep 61% correction for XTIA, it’s been done on lighter volumes customary for such a pullback. Combined with respecting its 20-Day SMA support just as it has before, traders seem to be expecting more to come for XTIA as well.
Meanwhile, FTEL has had a 50% down-to-up day. But it’s difficult to tell from price and volume whether this is a breakout and start of an uptrend, or a top.
ICON and XTIA might open lower and them start climbing. FTEL might open even, then climb. Tomorrow will tell for all three.
I wait ‘til then for surer buys.
