LABU LONGI am expected one more push up, it will take few day to start, probably next week.
TP: 88-90
LABU
DESCENDING TRIANGLE We are humans and before going forward we like to test and retest ...This time is not different and the momentum on the daily is starting it is transition into negative territoty + bearish macd crossover...
I open a long position in $labd yesterday but the drop in $xbi will not come until next week..Friday should confirm the berish trade setup and i will be ready to increment position depending on the situation...I have a very tight stop loss and everyone should manage risk/reward before buying so play safe.
$Labd
LABD interesting pattern. Video Analysis XBI IncludedLooks to be an ascending wedge. Measured move, target, predicted price path, Divergences, and fib levels included.
This week's Biotech Sector Video Analysis: www.youtube.com
XBI: Biotech slide back to channel bottom until End-JulyXBI, LABU, BIB should slide to the bottom of the channel until End-July. See high moving-average divergence, reconvergence and channel pattern. Short unless something changes.
IBB, LABU Pharma trade ideaGoing long on the Pharma sector. Anyway you slice this chart its a breakout.
XBI may be in another triangle with potensial big downsideXBI S&P500 biotech index may be in another rising triangle, we see price action at top of triangle for possible short entry. Instrument LABD x3 can be used for shorting this index.
ONCESpark Therapeutics has had some good news lately in trials. Looks to be trending higher on the weekly and daily charts. This should be low risk with a tight stop. Buying ONCE at market open.
XBI Breakout or Fakeout?Is it returning to the point of break out or faking out and heading much lower?
LABULooking at LABU, initial breakout is consolidating now, probably a 1/2 way pullback to be expected. Then a push higher to the 45-46 area. RIS overbought, so wait for a pullback soon.
LABDLooking at the Pharma sector. The inverse fund LABD looks to be coming off a double bottom. THe TSI looks to be crossing and moving higher. The RSI is moving from oversold higher. IF the general markets are setting up for a sell off (I think they are) then this could be a real good play.
LABU, IBBI had an alarm set to buy at the 78.6% Fibo ($29.78). It came close but never got there. LABU is reversing hard now, this looks like a strong breakout. I will take a position at the open.
LABU longThe price is about to break the Flag from top and goes to 55 dollar.
loaded with 50% for now (high risk), and the other 50% if and when the price cross the resistant line.
This is only for sharing, Make your own judgment and take your own risk. I am taking some risk of the money already made from LABU, so no regret if this judgment turns to be wrong.
Good Luck.
XBI Big Move ComingI believe a big move is coming. I'm leaning bullish, but if we lose major support around 57.80 this will be a short play. It's important to be conservative. Wait for the break of resistance, or break of support.
