XBI LongLawmakers benefit from taxes generated from biotech, and big pharma companies that are generating massive revenues. Expecting $LABU ~$50-55 range by mid September. Longby Doge_1Updated 330
$LABU chart of interestThis high-level bullish rectangle seeing nice rolling stock play. Volume balance suggests upside breakout. Longby CarrPublished 0
LABULABU Trade; I bought some LABU here, looks like it breaking out of this wedge. Looks like a bull flag consolidation moving out of the wedge. I should have spotted this earlier. If the T1 pattern is in play, We could see LABU at $58 maybe?Longby bhoweUpdated 5
Longing LABU BiotechLABU Chart weekly formation is bullish after bulls held former resistance and now support. Targeting $55-$60. Longby JustinPaceUpdated 3
Oversold LABU needs to show strengthOversold is an understatement really ... looking for separation from the bollinger band to create half position. looking for MACD crossing to create other half position. stop loss is the lower bollinger band or tolerable loss, whichever comes first.Longby ParCornPublished 2
Stock trade 2.I'm going to post an Energy / Stock / Metal Trade for the followers to trade. I will post the update in the "update status" section of the portfolio post. Starting capital is 10.000 $ in each portfolio. When I close the actual trade I will move the whole amount to the next trade - in this case it will be Stock trade 2. Stock trade 1 ended with 6019,75 $ profit. Total capital is 16019,75$. I moved the following positions from stock trade 1: 100 LABU entry price: 41.11$ 100 LABU entry price: 41.79$ Longby chartwatchersUpdated 828244
BIOTECH , TIME TO PILE LONG , IT WILL BE A GOOD RIDELONG BIOTECH SECTOR. THIS BOUBLE WILL BE FOR AT LEAST 1 YEAR. TARGET 193,00Longby bbpointPublished 2
LABUThe stock market was hit hard on the BREXIT vote. I believe LABU has now found a bottom. The LABU ETF shows a trend line break and a double bottom. The double bottom seems to be holding. Set your stops there. %R is over sold and recovering. Last time we saw this we had a run to the upper trend line. A similar move this time will bring us to $42. A very nice return on our $$$ risk if we get it. The purple arrows seem to confirm a trend change they are pointing out the Stochastic go long alerts. Same as before. Longby bhoweUpdated 112
LABUWith OIL moving lower LABU could drop here to retest the lower trend line. I do notice that the SP500 seems to go with OIL or conversely! I have some LABU. I thought the chart looked good coming off the lower trend line. But if the market moves down with OIL I can expect LABU to follow. I'll probably sell 1/2 my position Today and see how OIL and markets do. by bhoweUpdated 225
LABU - 13/34 EMA CrossoverPull back after previous bullish crossover, just as today. Longby dmzPublished 0
LABU, ShortPerfect Ascending Channel and AB=CD, The price is most probably will keep falling to reach 26.Shortby saif12Updated 226
LABU is Heading back to $38-39 againWhat a nice trading range, but this time could go even further, break the trading range is possible.by TimZhangPublished 224
LABU - Let the rally begin!I have seen a few people buying LABU 2 days ago at the exact bottom. Guys you might have bought the exact bottom of Biotech! So please don't ruin that position because I'm pretty sure we are breaking above the 100 EMA in a few days and most probably more rally is coming. 2 days ago we broke below the trendline but the selloff couldn't last for too long. We not just printed a reversal breaking back above the trend line but almost printed an island reversal. Let's say we have 1/2 island reversal. The gap below today's bottom might never get filled. RSI left oversold just like at the previous rallies. MACD turning up -crossing over soon. This rally could be even more powerful than last one. A 30-35$ rally is not out of the table... Longby chartwatchersUpdated 10610666
LONG LABUApparently going up. False breakout because of the Brexit, and got back Immediately to the trend-line. Seems like it going according to the plan.Longby ON92Published 4
LABU, SHORT OR LONGIn my previous chart, LABU almost finished AB=CD pattern in a nice Ascending channel. I sold half of my short at 26.8, and keeping the other half to see how the price will act after reaching the lower side of the channel. I mean in the circle, I marked as Breakout. ** Not really sure what will happen in the breakout circle. may be a reflection and price will go up, or a continuation of the down trend. ** As marked in the figure, there is a high possibility that LABU is getting out of a bearish flag. If this will be the case, then the price will go down in a nasty way. On the other hand if the price will be reflected in the breakout zone, then it will ride up probably above 45. ## For now I am not putting any new trade, just watching the rest of the short I have, until the picture in the breakout zone will get clearer. Trade with care, but my advise to wait for now, as entering the trade whether long or short will be risky.by saif12Updated 20206