This I Shares Global Consumer staples ETF listed on ASX may be an interest for some of the chart readers looking for strength.
A rangebound price action ( a potential large re accumulation TR) is yet to resolve itself with an anticipated upside breakout which may be a matter of time.
Just focus on the last rally ( shown in dashed Blue) and compare it with previous if you wish. What do you see ? A change ? Yes. Bullish or Bearish ? Bullish.
What else can I say other than to follow the price.
I will discuss this tomorrow night in depth at our Wyckoff SIG meeting here in Melbourne amongst TLS,HVN,XJO,XAO ,SOL to name some in real time.
If you wish to participate come along ( between 19:00 – 21:00 at Tresise Community Centre which is at cnr Munro and Bowler streets Hawthorn) . There is NO CHARGE. No one will try and sell you anything. Those GURU’s that we see at some TA meetings promising the world and delivering nothing other than a headache perhaps by trying to sell you a TA course or mentoring or a Black Box of some sort are banned.
Here is the IXI weekly chart with a change in season at the last UP LEG. Is a breakout a matter of time ?
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