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February 22nd, 2018: XLE (Energy Daily) Chart Update

Posted by pugsma on February 22, 2018

11:45 am EST:   XLE has formed a positive divergence (+DIV) on the daily RSI and STO with respect to a small bull flag drop in closing price over the past week.  The bull flag measures to about 71.50, which is near the 50-day SMA (72.36).

XLE Technical Analysis


2 Responses to “February 22nd, 2018: XLE (Energy Daily) Chart Update”

  1. pricerw said

    Do you always use closing prices to look for divergences versus the candle low prices? I’m wondering if you have found one to be more consistent than the other…

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