IShares IXI ETF ASX weekly chart outlook.

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 ?



All the information and analysis provided on this website is general in nature and for educational purposes only and does not constitute financial advice. No content in any way implies a recommendation to buy, sell, hold or short sell any financial instrument, nor is it financial advice.

Investing and trading in financial markets carries considerable risk, and should always be done in consultation with a licensed financial adviser taking your personal circumstances, financial situation, objectives and needs into consideration.

Links to other websites are inserted for convenience only and do not constitute endorsement of any of the material on those sites, or any associated organisation, product or service. Kazim Agaoglu is not responsible for the content of any site owned by a third party that may be linked to this website and such links are provided as a courtesy with no judgment or warranty being made concerning the suitability, accuracy or otherwise of the content on any such site.

Kazim Agaoglu disclaims any undertakings, warranties or guarantees, express or implied and shall not be liable for any loss or damage whatsoever arising out of in connection with the use of or reliance upon any of the information on this website. The user accepts sole responsibility associated with the use of the material on this site, irrespective of the purpose for which such use or results are applied. The information on this website is no substitute for financial advice.




Comments are closed.