$LABU finally breaking out - Above the 50EMATop holdings for a top down trade on $LABU moving past its 50EMA: $UTHR, $ALKS, $HALO, $DVAX, $TPTX
LABU trade ideas
LABU longLABU made a nice round bottom with clean signs of distribution in may and now is looking to reverse the trend on volume
LABU breaking trend resistance? 👍it is about to break this local TL resistance area, once we see breakout confirmation we can target
rejection from trend can send it back to 6.2-7 supports
BIOTECH 10x Potential UpsideManaging stops on this one could be tough. Once the trend really establishes, the upside is huge
Time to buy the Biotech, healthcare sectorbased on technical analysis, i am very bullish on Biotech, there many ETF's and Stocks that i am investing in, but $Labu is the best right now
reversal setuplabu is a reversal setup, might work, stop is reasonable - if the bounce is similar to the covid bounce 150% in 40 days is on the table
It's a small trendline break but I'll take it.I took a small CALL option position this morning. Got the 5/13 $8 calls for $1.20. Now $1.65.
BIIB and PFE both report in the morning.
longs should be careful here⍼labd approaching all time low support, considering lots of other tech plays have broken below lows... I dont think this bottom is in yet.
broke below trend support, that should act as resistance if LABU rallies again.
like and follow for more Heart with arrow
LABU, my all in bet with a stop, of course.I honestly cannot find a better opportunity in the market than LABU currently. The ETF is XBI*3, which has demonstrated some major cyclicality and is currently selling below it's 2015 highs.
My analysis is as follows:
Record volumes on LABU specifically, but more or less
XBI too. This implies we've hit a level of importance.
It's quite clearly been consolidating for the past week;
a sign that if we've bottomed out and that the strongest selling is in the past.
It's normal for LABU to experience pull backs
lasting, about 1 month, 3 months or whatever.
We are currently 360 days into a -50% pullback on XBI and
30 days into another significant pullback now.
The most recent leg down was clearly in relation to the entire
market selloff, XBI was one of the sectors that was hardest
hit during the price action.
My view is as follows, I used the same logic during covid when I split my account between OVV and CCR:
If conditions return to that of December, which were markedly poor, LABU will probably
sell for 40, if conditions returned to October, 60 is entirely possible.
Both possibilities are quite clearly in the cards for this year, and it looks like the market has already begun
to turn around.
My personal bias is that this sector is probably undervalued, because the firms
that represent it are almost certainly worth more than what they sold for in 2015 (although I havent done any work on any of them)
and my sub-grade technical analysis suggest that we've possibly hit a bottom, and you can find a great risk to reward trade by owning this security.
At this time, with the price at 17.5~ I am 100% in LABU but I have the stop at 16.5. So my expected risk to reward is 10-1, which is unheard of.
TL:DR
XBI has fallen a lot.
Its been down for a while.
Volumes have hit a record in it's parent ETF, XBI
If conditions return to December, I'll make 100%. If I'm wrong, I'll lose 7~%.
Naturally, I have a strong conviction in the possibilities with this type of trade. I would strongly advise that you don't follow it. Despite the underlying being an ETF, it's clearly a high-risk high-reward type of deal.
LABU Bullish. LABUAs expected SNP Biotech sector is in the green and this has been reflected in our last update with every new and emerging biotech stock that we reviewed being convincingly bullish. We have and end to a zig zag formation here, this a corrective X Wave or a start of a new impulse ensures. We shall see which shall transpire in this instance.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
LABU BottomedLooks like $LABU bottomed. XBI and LABU are primed to run from here with a potential reverse split for LABU. I am not an expert and please do your due diligence.
Nerds AssembleLABU is nasty. Rejected the resistance at 39.45 and went into a deep downtrend. Currently heading toward march 2020 lows if it continues this path. Nothing is showing reversal signals as of yet so this would be a knife catch play. Only thing i can see is RSI is low enough to allow a good size run but needs bulls to step in. i would like to see some consolidation to stop the bleeding or an ema reclaim before any bullish thoughts.
LABU BullishFailed once when it tried to break the descending triangle, looks like it will test all the lower support lines around 51.00. Start accumulating there and maybe do an inverse buy ladder between 51.00 and 40.00. Half a position there and add the other half when it breaks the upper support line noted. Not financial advice.
LABU if break the resistance lines start to change the story LABU if break the resistance lines start to change the story after nine months.
Resistance lines
54
61
68
LABU Bullish/Bearish TargetsThe purple support line must hold or we are going to 40.00, nice upward channel forming, the blue line would be the zone to go bearish. Not investment advise.
LABU, Daytrade Countertrend Strat Buy stop just hit at 61.01 and trade is active , this is a countertrend trade , all out of LABD from earlier .
Entry 61.05
Stop 60.28
Not trading on 15 min tf , I'm using 2-5 min .
LABU and Deja Vu. $60 is key level for value investorsHello traders and investors
One of the important ETFs from February 2020 is LABU.
Too much upside potential with very low margin power to trade.
VWAP is most important confirmation for value investing.
LABU's chart is very look like "Deja Vu cycle" or "cup and handle pattern".
60.00 USD level is very important.
NOW WHAT?
It's very interesting if investors come back again in LABU because the Risk/Reward Ratio is more than 7 and it's up to 13.
Position type: Buy Limit
ENTRY: 59.25
TP1: 127.98
TP2: 182.81
SL: 49.70
symbol="AMEX:LABU"]AMEX:LABU
LABU target price 125$. +60%Raise the target price.
The next target price is 125$. +60%
3 waves are stable.
LABU TARGET PRICE 105$The target price according to the Fibonacci level is $105. Generated from the first waveform.
