XBI Before and After

Discussion in 'Technical Analysis' started by TrendSpider_Jake, Jan 7, 2019.

  1. TrendSpider_Jake

    TrendSpider_Jake Sponsor

    A look at the biotech ETF respecting the price channel resistance on Monday after a close above the SMA (20) on Friday. Screen Shot 2019-01-07 at 2.54.37 PM.png
  2. S2007S


    These jumps in biotech are really on those 2 major acquisitions in the last week....I was bullish in late December but as of today I started to add LABD and ZBIO ....if they drop more I'll continue to add more positions.
  3. SteveM


    I'd be careful buying the biotech ETFs without a pullback first.

    One of my best systems is currently showing LABU as a strong short-term sell. (over next 1-5 days)
  4. S2007S


    Adding more LABD as we speak!!!

    .biotech looking for a short term sell off of at least 5% on the IBB
    SteveM likes this.
  5. sss12


    Ok, now show me a chart (you pick the security) of today's close with your breakout/false break notations......and we'll see how it goes.
  6. TrendSpider_Jake

    TrendSpider_Jake Sponsor

    Heres a GE before and after chart from and CHK from this week. Screen Shot 2019-01-07 at 9.39.10 AM.png
  7. TrendSpider_Jake

    TrendSpider_Jake Sponsor

    CHK before and after this week. Screen Shot 2019-01-11 at 7.23.04 AM.png Screen Shot 2019-01-11 at 7.23.10 AM.png