LABD trade ideas
Fibo levels LABD tested a fibo 50 line and if will breake last high it will be a good signal to test 1.272, 1.4 and 1.618.
Possible Head and Shoulders Pattern forming in LABD ??
Does this mean that bears will live again for temporary period?
LABD IdeaWith the markets possibly topping, the inverse of LABU, which is LABD may be a good long here. Looks to have strong support at $22. MACD divergence.
LABD trade ideaLABD, the 3x inverse ETF of LABU is showing a break above previous highs on the weekly chart. I expect continues move higher. General markets are consolidating which should add to further pressure on the IBB. 1st target $6.
LABD interesting pattern. Video Analysis XBI IncludedLooks to be an ascending wedge. Measured move, target, predicted price path, Divergences, and fib levels included.
This week's Biotech Sector Video Analysis: www.youtube.com
LABD False BreakoutPossibly a false breakout which can lead to more consolidation. I'll be looking for price to return to the top of it's previous consolidation range.
oversoldOversold and crawled, ready to move on until 04-11-2017. Then swtich to LABU since the market is ready to make new highs on April.
$LABD - Bear Hug. Getting ready to run. Indicators turning up with good volume. Nice rounded bottom forming.
11 on the cards.
LABDLooking at the Pharma sector. The inverse fund LABD looks to be coming off a double bottom. THe TSI looks to be crossing and moving higher. The RSI is moving from oversold higher. IF the general markets are setting up for a sell off (I think they are) then this could be a real good play.
