LABD trade ideas
$LABU based on the chart, reconfirmed LABD 24-28 BUYING RANGEin other words, LABU STILL have a lot of room to go up.
continues slide because of this big negative divergence, keepholding $LABU $XBI until LABD RSI reaches to 30.
as long as this LABD goes down, keep holding XBI/LABULABD continues this downslide after huge negative divergence.
at a support, may eventually drop to 40if the support breaks, could drop to cloud low.around 40, still a short.
LABD Reversal in the making?MACD is about to crossover on the YTD interval, and middle Bollinger band will soon touch price signifying a bullish characteristic. Keep an eye out on this.
