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Posted On: 01/09/2017 10:08:06 AM
Post# of 1
The iShares Russell 2000 Index ETF (NYSEARCA:IWM), which tracks small caps, has a very bullish consolidation pattern setup over the last few weeks. This is a digestion of the massive 20% surge it saw after Donald Trump won the presidency. As long as the chart holds this pattern, investors should be looking for a surge higher over the next two weeks in the IWM to $140 at a minimum. However, if at any time the IWM closes below the channel shown in the stock chart of IWM below, exit immediately. This would be a failed pattern and signal a coming collapse. Investors should pay very close attention to small cap stocks that are undervalued. They may see big gains as long as the breakout begins.
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I was trained as a psychologist, then I applied what I knew to stock trading. Stocks are representing emotion of those who buy/sell them. I post all of my trades on Insert-tag-hereVerifiedInvesting.com where they are confirmed for legitamacy by their independent verification system. I've been trading since the 90s.
