XBI trade ideas
$LABU still looking good, waiting for the breakout day next weekAgain target price is around 62-63 area for $XBI. This slow growing gain each day is killing shorts, they're bleeding and will ask for rescue soon, I will sell my shares to you.
$LABU XBI performance from May to June in 2014XBI bottomed in May 2014 and went up from 40 to 52 or up 30% by June in 2014.
$LABU 5/2015 to 6/2015 PerformanceI know market is different now, but just want to show you the best months for XBI.
$LABU look at price and MAs along, next target area is XBI 58That's the next target for XBI, $LABU probably around $35
$LABU $LABD a strong bullish pattern is forming on weekly chartDowntrend line on RSI is broken, uptrend pattern is forming, weekly support moves to 52.5. The next move is to $70.
someone said could go $70, well indeed is possibleif bio is strong rebound, RSI goes to 70 $LABU can go much higher
$LABU the daily chart/RSI shows similar breakout is in makingdowntrend line broke, supported by higher low.
Another reason to get in $LABUthe weekly RSI clearly shows broke the downtrend line, RSI is a leading indicator, price trendline be broken soon
XBI Money Flow Breakout AlertWatching for a bullish Macd Cross over & Money Flow Break though key resistance
Big test tomorrow. I think it fails.Check out bottom trend line and today's bottom. Unconvincing bounce.
Rarely see a cleaner setup then this. 1) Gaps under 50DMA 2) long red Maruboza 3) About to cross daily Ichi 4) Breaks out of upward channel
Heavy resistanceChart looks a bit different from $IBB with defined channel. Looks like it would be easier for this one to pull back farther though.
Tweezer tops give cautionIf this falls back in triangle, watch for a test of $50 and 50 day moving average.
