First Trust ISE Cloud Computing Index Fund

First Trust ISE Cloud Computing Index Fund

6 December 2017, 20:43
Dragan Drenjanin
0
32

First Trust ISE Cloud Computing Index Fund (SKYY)
19:12 GMT - 14:12 NYT - 6 Dec 2017

Bearish momentum ahead



Regarding the chart:
* Prices broke below a rising trend line in place since September. 
* As long as prices are trading below the 20-day moving average, we are looking to reach our downside targets. 

Regarding technical indicators:
* The RSI broke below a rising trend line.


Trading strategy
Short Sell @ $44.75 - Stop loss @ $45.65 - Target @ $43.75

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