XBI eyes on $79.28: Golden Covid fib may mark the BioTech bottom
XBI has been getting dumped since Trump and RFK
If biotech is to recover, it might start here and now.
Bulls need to hold or at least orbit this a few times.
If biotech is to recover, it might start here and now.
Bulls need to hold or at least orbit this a few times.
Trade closed: target reached
Target HIT (yellow shaded area is from posting time)
Long entry was at break of Golden Covid at $79.28
Exit was sister Golden Covid fib at $87.95 for 10.9%.
.
Small gain but for an index type ETF, not bad.
Take what the market gives and look for next trade.
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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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.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
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.