BIS trade ideas
LONG LONG ProShares UltraShort Nasdaq Biotechnology ETF (BIS)ProShares UltraShort Nasdaq Biotechnology ETF BIS has already build up its base line or support you can say. It is the only stock (ZBIO, LABD) where the price line has clearly shows the support over the last one year period of time from July 2015 till Aug 2016. Slowly but gradually it's going NORTH. Time to buy for long time holders.
www.zacks.com
BIS- Inverse Off IBB Could It be? A Double Bottom In The Making?4-22 Could It Be? Is this where we carve
out a double bottom? If so then IBB (longside)
MAY be carving out a double top. Remember,
going long this is gaining short exposure in the
bios. BIIB (Biogen) reports so be aware it could
have an impact on this issue. Chart wise its
all about an upside crossover of the green line.
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@AmazingPatterns
For informational and educational
purposes only, these are not
recommendations, trade at your own risk.