LABU trade ideas
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.
1st time try LABU/LABDLABU has been going crazy up for the last 3 trading days, gaps everyday. I'm considering short LABU or say long LABD soon.
3 reasons:
1. all the up/down needs to go like zig-zags, nothing like straight up like ka-boom rocket and never gets back
2. hidden RSI bearish divergence
3. MFI is approaching over-bought area
Cheers~
Biotech - LABU - XBI - LongIt seems like Biotech has found its bottom, we should rally from here... There is a strong chance due to the elections that we may get an undercut low next week to get all the retail traders out before the big rally.
Opening LABU position today with SL at today's intra day low.