2020-10-24

CONSUMER DISCRETIONARY SECTOR (XLY)


IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
CONSUMER DISCRETIONARY SECTOR, LIKE TECH SECTOR  , THE RECOVER FOR BORH OF THEM  WAS REMARKBALE, AND MADE A NEW  RECORD HIGH , BUT LATELY THERE HAS BEEN SOME WEAKNESS IN THE PERFORMABE OF THE SECTOR, IT COULD NOT ESTABLISHED ABOVE THE PREVIOUS HIGH, AND TRAY TO FORMING UNEVEN DOUBLE TOP, BUT I THINK  THE LOWER  PARALLEL MEDIAN LINE WILL PREVNET THE FALLING OF PRICES AT ROUGHLY 150, ALSO PROCES WILL FIND ANOTHER SUPPORT REPRESENTED IN THE LOWER  TRGGER LINE AROUNF 145, SO 145-150 IS STRONG SUPPORT ZONE