IBB - classical breakout - hope it's not a failed breakout
In my opinion a very strong sign when the outperforming sector breaks out again. If it's a failed breakout the next days will be very volatile and IBB would have big losses. Tight stops are helpful to avoid bigger losses. I am long this IBB. This is not a recommendation - only my personal opinion.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.