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Small Cap Surge: Sharp Gains Expected Based On This Chart

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This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

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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Bullish stock chart buy on iShares Russell 2000 Index ETF


This article was written by ST G for on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

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