jfs2152

LABU (XBI) LONG - Price Target: $70.

Long
jfs2152 Updated   
AMEX:LABU   Direxion Daily S&P Biotech Bull 3X Shares
Moving average convergence/divergence crossover on multiple timeframes, RSI rising quickly out of overbought area, price bounced off of a long term price support/resistance line.

Target $70 : Tight stop loss
Comment:

Possible cup and handle forming.
Trade closed: stop reached

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