$LABU 5/2015 to 6/2015 PerformanceI know market is different now, but just want to show you the best months for XBI.
XBI trade ideas
$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.
$XBI has R1 at 54.71 and R2 and 56.00. Smooth sailing after...Might need more time but the chart is sliced in two at this level. RSI turning overbought here on hourly - not yet on daily.
Wider triangle on $XBI established on dailyStill holding. Worth mentioning that RSI is still breaking through.
Updated $XBI chartNot a strong close as the 52 price level was rejected but relative strength to the S&P was outstanding all day long. Still waiting for that higher high on the intermediate term that would come with a break of the pink triangle. Might be a good time to raise your stops if you entered around 50.
