XBI / LABD / LABUwho has the insight?
Option A: crazy breakout to the upside
Option B: Big ol' Bear! (growl)
XBI trade ideas
XBI $90 sell targetInteresting Chart. Might've been a flag, in which case $90 is the first area of legitimate resistance to stand up against this bull train. Otherwise we're coming up against $86 top of channel resistance
BIOTECH poised for much more upsideBIOTECH stocks look as though they have quite a bit f upside to go. what is most interesting is that the S&P and dow generally seem to be nearing a top, but this chart indicates much more bull-side momentum. Im very interested to see how this all pans out. My guess is tactical asset allocation and active investing will soon come back into the fray
XBI Biotech breakout/further upside after slight retraceWhat the title says. Could be an ascending triangle or descending triangle breakout. Oddly enough, both Measured moves fall at the same price level.
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
Give me my discount!!Last time i miss the entry because i did not complay my rules of eliminating noise... I did not analyze the big picture first...
This time is different and i am ready for a short position and get disscount iN the process...
Levels to watch:
77.02,75.69 -73.49
Biotech 2 PathsI see a descending triangle. These are the paths for both the bearish and the bullish continuation that we might see next week.
Red = Bullish
Blue = Bearish
