Gappy under price so beware. Gaps overhead cause R. Gaps underneath can provide support but can also fill )o:
There is also several bearish rising wedges in the yearly chart but XLV has broken the bottom trendline of each to some degree
Rising wedges are usually bearish and resembles a channel but both lines slope up and narrow at the apex
A RW causes an issue with supply and demand due to lack of healthy pull backs. Can be a very long term pattern
An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trendline to be drawn along the swing lows.
Ascending triangles are thought of as bullish, but in reality that can bust and break down as well
Just an observation
Top 10 Holdings
Johnson & Johnson
9.45%
UnitedHealth Group Inc
7.59%
Pfizer Inc
5.16%
Merck & Co Inc
4.98%
Thermo Fisher Scientific Inc
4.90%
Abbott Laboratories
4.87%
AbbVie Inc
3.93%
Danaher Corp
3.79%
Medtronic PLC
3.54%
Bristol-Myers Squibb Company
There is also several bearish rising wedges in the yearly chart but XLV has broken the bottom trendline of each to some degree
Rising wedges are usually bearish and resembles a channel but both lines slope up and narrow at the apex
A RW causes an issue with supply and demand due to lack of healthy pull backs. Can be a very long term pattern
An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trendline to be drawn along the swing lows.
Ascending triangles are thought of as bullish, but in reality that can bust and break down as well
Just an observation
Top 10 Holdings
Johnson & Johnson
9.45%
UnitedHealth Group Inc
7.59%
Pfizer Inc
5.16%
Merck & Co Inc
4.98%
Thermo Fisher Scientific Inc
4.90%
Abbott Laboratories
4.87%
AbbVie Inc
3.93%
Danaher Corp
3.79%
Medtronic PLC
3.54%
Bristol-Myers Squibb Company