Software at 200sma + Horizontal

IGV, a Software based ETF, is currently at the 200sma which has shown support before. It is also at horizontal support from February highs.

Trade setup is drawn in chart. The risk-reward-ratio is above 4.

Top 10 holdings

• MSFT (10%)
  
• CRM (9%)
  
• ADBE (9%)
  
• INTU (7%)
  
• ORCL (6%)
  
• NOW (5%)
  
• ADSK (2%)
  
• PANW (2%)
  
• SNPS (2%)
  
• WDAY (2%)
  

Good luck.