$XBI – Weekly vs. Monthly
Weekly (left) – new swing high after weeks of consolidation. Momentum indicators started to move higher, RSI is above 50-level; MACD is heading towards a cross above the zero line
Monthly (right) – momentum indicators stopped falling; RSI is moving higher. After falling from mid 2021, MACD appears to have completed its correction and is about to cross.
Could provide opportunities this year!
Weekly (left) – new swing high after weeks of consolidation. Momentum indicators started to move higher, RSI is above 50-level; MACD is heading towards a cross above the zero line
Monthly (right) – momentum indicators stopped falling; RSI is moving higher. After falling from mid 2021, MACD appears to have completed its correction and is about to cross.
Could provide opportunities this year!