Don't Ignore This Chart

Networking iShares Perks Up with Flag Breakout

The Networking iShares (IGN) is showing some buying pressure with a flag breakout over the last four days. The ETF broke the September trendline in early November, pulled back with a flag and then broke the flag trendline. Notice that the price relative (IGN:SPY ratio) broke its trendline in November and IGN is showing some relative strength.

Click this image for a live chart.


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