Is it time to buy IBUY again? Â The Amplify Online Retail ETF (IBUY) is looking good once again.
Here’s why:
The IBUY etf is ranked #1 in our US Relative Strength Models. As you can see in the chart above, the ETF is strongly outperforming the S&P 500 Index.
The ETF also put in twin bullish hammer candles in early February and early March.
Lastly, it is now retesting breakout support at the 78.6% Fibonacci price level.
Below is an interview we did with David Moadel a while back where we first mentioned our interest in IBUY:
Twitter:  @CptJohnCharts &  @FortunaEquitis
The author may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
