Tuesday, February 16, 2021

RTH Retail ETF Weekly Chart; Overbot; Rising Wedge; Negative Divergence; Upper Band Violation



The RTH ETF is topping out. RTH is mainly AMZN stock, and some other big retailers such as HD, LOW, WMT and TGT. Thus, when looking at RTH think about the other tickers. The red rising wedge is ominous. Stochastics are overbot and the RSI is coming off overbot levels. The red lines show universal neggie d. RTH is out of fuel to drive price higher. Take profits and/or short it. Keystone has not played in RTH for a few years and probably will not since there are plenty of other short trades open right now. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

Note Added Sunday, 2/21/21: RTH is at 162.14 down marginally on the week. The weekly and daily charts are neggie d. Blow on it and it should fall over. AMZN will lead the way. Investors may not realize that Amazon actually printed its high back in August of last year.

Note Added Friday Morning, 2/26/21, at 6:07 AM EST: RTH drops from 164+ to a low at 153.46, -6.5%, in only six days.

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