looks ready to retest 60's where there is a large gap
Looks to be forming a bearish bat pattern. Indicators looking a little toppy, looking for more bearish confirmation before diving in.
Hillary Clintons latest against Myland should continue to drop the bio sector. Expecting early Monday dip, then rebound. Safe entry $24.50, risky appetite at $22.75. Price target $32.
Very strong two-year Megaphone Top Pattern. Hawkish Fed during election season should send SPY down to 210 by September Fed meeting. Will reevaluate then. GLTA
ProShares UltraShort Nasdaq Biotechnology ETF BIS has already build up its base line or support you can say. It is the only stock (ZBIO, LABD) where the price line has clearly shows the support over the last one year period of time from July 2015 till Aug 2016. Slowly but gradually it's going NORTH. Time to buy for long time holders. www.zacks.com
As soon as the red solid channel breaks. it's time to party. www.zacks.com
It's a buy those who doesn't like to go short IBB www.zacks.com
after earnings no more major news until election time. possible martin shrekli enlightenment
There's major global pull back, Biotechnology will scale back, but not as much as SP500 and DOW. You should hedge properly, VIX will be back soon. *Election year is Biotech Year*
This chart shows current long term and short term views of the broad markets using SwingVector algorithm which is the 3rd day of experimentation in charting it out and letting the gaps be filled real time.
The uptrend for regn looks strong at the moment with the rsi above the 0 line but do be careful in the weeks leading up to earnings release. personally, i am long atm but that may change if I can buy it back at a lower price.