$LABU $LABD $XBIBrexit vote coincides with approach of two support trend lines. Brexit bearish for $XBI and Bremain bullish $XBI $LABU
XBI trade ideas
LABU/LABDBrexit vote will determine the medium term trajectory of XBI. Brexit will bring on another down leg and Bremain keeps XBI in the current channel. While bullish on XBI and LABU, there is too much risk for anything but a small position before the vote.
XBI - Daily ChartCould pull back slightly to the 52.74 or even 50.50 level where there's an open gap. My bias is very little room down then a move up to 62.48 or higher. Open gaps at key fibs. Just saying... With market weakness, this would see a sector rotation.
Possible this needs one more flush to 1.618 fib ext at 44.63.
I'm not real sure on this one. Need more price action.. That said macd with a higher high, so I would anticipate a move up to key fibs, then take out the lows
Downtrend is not changing. Still point to the downside on $LABUHold on to $LABD, confirmed by weekly chart as well.
RSI trendline break on 1-2 hour and buy signalsHave resistance at $55.20 (50 DMA), may start to form bottom.
on way drop more. If $55.5 cannot hold, could see $51 in 10 daysEven drop to 51, still at uptrend.line.
still consolidate at the resistance $LABUforming a daily Doji candlestick, no sell on daily yet, but is on 4 hour chart, be careful.
pulled back to 57 today and filled the gapfacing resistance at 60, if can break the resistance, can go to $62.5.
still uptrend but expect a pullback to $55A confirmation shall be seen on Monday, good luck on $LABU $LABD
$1 and 1 day away from reaching to the target date and price$LABU wait for one more day, what a rid and battle with idiotic traders, it shows what kind of traders they are. They kept buying LABD from $40 to $30, good for us!
still a hold, no sell signals issued $LABUStay on the action, stay in the game as long as the buy signal stays.
$LABU holding strong, XBI target is still on the way $60 by 06-03-2016 is still doable. Hold on and not be shakes out.
