Like IHS pattern a lot, here is another one XBI has been beaten down severely, but this Inverse Head and Shoulder has a play here.by buyPoohUpdated 335
LABU - The biotech updateBiotech is getting more and more bullish from day to day. Even the S&P was falling on Friday , LABU closed on the daily maximum with a nice volume. Rsi is not overbought. MACD couldn't cross down. I think next week a higher high is coming. I would like to see the 50 EMA to cross below the 20 EMA and the 10-20-50 EMA should support the price during the rally without crossing over... The test of the 100 EMA is coming at 47.26. If you zoom out you can see the possibility in this vehicle...Longby chartwatchersUpdated 222228
If you're bullish biotech, might want to look hereA move to $40 seems to be in the cardsLongby marketstrats110
pull back to breakout pointI drew the lines early this week, when I entered this ETF.. Funny how they work. by Scot1and1
Breaking out from base to phase 2Volume is confirming, sentiment at extreme positive thoughLongby pantheo3
LABU : +22,46%BioTech had started the big rally finally. Record volume today. 22,46% in one day. It's not bad and it's only the beginning. The rally should last 1-1.5 months... Don't touch the portfolio just let it work for at least 1 month. WATCH THE POTENTIAL. We might be talking about 500% this year.... (200$)Longby chartwatchers131312
Stock trade 1.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. This is the last portfolio I'm launching. But I think this will make a monster rally in the following few months. LABU - Direxion Daily S&P Biotech Bull 3X Shares Buying 100 LABU in the open Price: 27,20 Margin impact : 2888 $ (28,8%) Most of the S&P components will be testing the prevoius highs this week or the next. Biotech was forgotten somehow. Actually not everybody forgot it because smartmoney was building position in this rounded base in the last weeks. Yesterday we had a record volume. Something is happening in this sector...Longby chartwatchersUpdated 979775
Biotech - The next big thingBiotech (LABU) is ready to rally finally. I think this sector has a fantastic opportunity in 2016-17. This is just beginning next week. We just confirmed the big volume breakout last week. I'M already long in LABU for a few weeks now.. I'm looking for at least 100% in this trade, but even the 400-500% is not impossible. We were coming down from 235 $. I would like to see a new high in this vehicle. And that is 1000%... Are you ready to make some money? Longby chartwatchers1112
$LABU LONG, RESISTANCE BREAKOUT$LABU has been forming higher lows and slowly grinding up towards the 7.95 - 8 resistance level. Will be watching on Monday for a breakout above Fridays high.Longby Livin3
$LABU long, resistance breakout$LABU has been forming higher lows and slowly grinding up towards the 7.95 - 8 resistance level. Will be watching on Monday for a breakout above Fridays high.Longby Livin2
LABU on fine cup and handle formationLABU is 3x tracking XBI, it has been beaten down significantly recently. It is on the verge of recover from the bottom. Longby buyPooh6
LABU to jump backLots sector rotation is going on, and it is time for LABU to get back to businessLongby buyPooh4
Potential Cypherthere's lots of stuff going on, some feedback on what i could possibly not include next time, would be great. The impulse wave as the cypher pattern . Green dotted line is previous support swell as the 1.618 retracement of the 3-4 leg. the cypher completion (.786 retracement) is at the same level as the vertex of the symmetrical triangle(golden lines). 200ma is still descending, but is slowing down(bold red is my guess. There is also divergence in the Stochastic & RSIby jarrod.baker2
$LABULong in $17 Stop Loss $15 Take Profit 1/2 $20 & 1/2 $25 $LABU $BIIB $LABD #STOCKS #BOLSAMXLongby MIKEMTZ10