LABD break out
Updated
I have been tackling LABD/LABU day in and day out. I have somehow made some profit week by week. I am trying to figure out which was the better trade as I think it has come to the tipping point. I believe LABD is the winner. I see bearish sentiment in the short term market and I see an inverse head and shoulders or a cup and handle formation. On LABU I confirmed it because whichever way I look at it it is the opposite, head and shoudler pattern, inverse cup and handle.
Comment
basically panned out, turns out that biotech was in a consolidation/accumulation pattern, i think it will retest that breakout and than contnue to bottom
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