Can see this at $15.00 given that is where most shares are currently held, according to FRVP; this means there will likely be little downwards price pressure until then. Biotech is generally bearish outside of select, short-lived bull runs - this, in my opinion, creates an opportunity for sentiment arbitrage and is my reasoning for the trade (short term/long term...
On daily chart, LABD is trading in an uptrend, and by Friday’s session, LABD has broken major resistance that lies on 29.19$, and the confirmation of that breakout, will trigger LABD witness further rises near to 31.72 – 34.20 – 41.40 – 42.71 om short term basis.
Stop loss will lies below 25.66$(last bottom).
And we noticed that, the indicators heading towards...
As shown on the 15-minute chart, LABD is bouncing between stardard deviations of the VWAP in a 6% price range
fluctuation day to day. At the upper end it is reversing at the POC of the volume profile confluent with one
standard deviation above VWAP while at the bottom it is bouncing from the bottom of the lower high volume area
of the profile and two...
XBI has been super weak lately, and in our earlier decline lead the way down. On the whole I think its a garbage sector RN with the amount of uncertainty in the market and the fed raising rates. The chop it's experienced in the past few months is textbook bearmarket. No one wants it, but everyone's too scared to sell too.
Regardless, technical setup is same as...
Labd reached a support area where there will be a strong buyer
Entry is done by putting a stoploss as shown in the graph .
For further more wait for our updates .
if we continue this bear reversal in biotech labd may cross signal and estimate bull and reach for upper envelope in a reverse head and shouldern pattern. if we carve a path higher in major indices i expect biotech to follow.
LABD is 3x SHORT BIOTECH ETF
Notice the trend of higher highs and higher lows. Once the trend is broken watch for a target of the 4H MA200.
Add this to your watchlist.
Good Luck.
monitoring the bearish butterfly pattern set up on $labd.. I'm looking for the previous resistances to act as support. If both levels fail, then the bearish butterfly pattern looks to be confirm, and I will short to C leg.
LABD is good for redder days , especially since LABU and LABD are both trading in ranges , can switch between them .
Long LABD 19.89 going to be in and out of this for the day , maybe switch to LABU if trend reverses . New to this strategy , giving it a shot.
Also actually trading on 2-5 min time frame , personal preference .
In 19.89
Stop 19.48
I have been tackling LABD/LABU day in and day out. I have somehow made some profit week by week. I am trying to figure out which was the better trade as I think it has come to the tipping point. I believe LABD is the winner. I see bearish sentiment in the short term market and I see an inverse head and shoulders or a cup and handle formation. On LABU I confirmed...
As far as popular reversal patterns go, ascending triangles are no bottom of the barrel. Although I still am a new trader, I have been committed to the market for just over 1 year. With that said I have been watching LABD/LABU in proximity of market trends. When the overall market is bullish I trade LABU with success. When Market is bearish I trade LABD with...
The investment seeks daily investment results, before fees and expenses, of 300% of the inverse of the daily performance of the S&P Biotechnology Select Industry Index. The fund, under normal circumstances, invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short...
