So far, everything is going according to my forecast. We work out the head and shoulders. When breaking through 4300, the final goal is 5000
*rising rates environment. Go small caps!! #MSOgang Large cap stonks & Crypto Ponzi Pogs collapse. Digi Dollar CBDC wins. Taxes will be paid!!!! Finally.
This chart on market trends show that over the past year of Covid - the industry has had consistent month over month growth
Nasdaq Biotechnology Index vs Nasdaq Composite Index presented Long-, Mid- and Short-term trend.
The NASDAQ Biotech has just broken the monthly support line with bearish divergence. Bear marketing coming soon?
Nasdaq Biotechnology Index ends the first half of the year climbing over 14% Weekly chart
The NASDAQ Biotech Index ($ NBI) is currently evolving in a well-marked down channel formed by DR1 and suppoty DS1 resistance. In a few days, sellers should test the very strong resistance of $ 3200. This resistance was broken sharply during the fall of the end of 2018, which made it very fragile. The most likely scenario (72%) would be that the resistance of $...
The NBI weekly chart corresponds to the article "NASDAQ Biotechnology Index Analysis." The Live Trade Room.
NASDAQ BIOTECHNOLOGY INDEX: NBI A good low risk Buy Point Coming Up Range trading between the parallels continues as it has done since last year's election low. It' looks like it should fall back to 3267 where it becomes a buy again with stops just under 3250. It should make a strong rally from here back up to 3575 for about 300 points gain, with the first...
Textbook breakout and retest, this can be a multimonth opportunity. In the coming days i will analyse some biotech stocks, where i am seeing good potential for a trade.
Been waiting for weeks, or at least a quarter for the Pharmaceutical stocks to turn bullish. And with the Nasdaq Biotechnology Index breaking out of the consolidation phase at 3158, and Donald Trump finally making good his healthcare reforms, the suppressed undervalued pharmaceutical stocks should start to shine moving forward. As such Household pharmaceutical...
NBI: Nasdaq Biotech Index: In the doldrums for 2 years now the NBI is showing signs of life again. Too early yet, but once 3172 is broken decisively by more than 5 points this index should surge to 3575. Worth setting up an alert for this one.
after more the 6 monthes consolidating in a channel price broke to the upside new high signling downtrend is over and looking bullish targets resistence and support on chart
Bounce from 2510 to between 2835-2987 over the next week to 2 weeks. Index currently in channel.
Biotech bubble has burst. Every rallies are to be sold, and despite the euphoria/new highs in S&P and Nasdaq have barely registered a decent retracement in the biotech sector.. Here's a larger picture of how far biotechs have went since 2008: The uptrend in S&P is limited, and it will only be a matter of time before it collapses off this rising wedge....
It ought to correct overbought Nasdaq Biotechnology Index: The Nasdaq Biotech index has grown about 50 percent since Yellen's valuation comments. Superarando por mucho el desempeño de los indices composite y S&P500, this boom is due primarily to the pharmaceutical companies who have monopolized the attention of investors the past few months, beyond the debate of...
Well, that's the million dollar question. The multi-year move, unequivocally, has been one for the books, but propensity has shifted to the downside. Momentum name valuations are getting clipped, seemingly, on a daily basis, as investor de-risking broadens and continues heading into the psychological "sell in May" period. Included are several key support levels to...
In aggregate, the impressive move in biotechnology has truly been one for the books, but is it sustainable? Although the fundamentals remain intact (biotech is a growth story and, indubitably, one that's here to stay), I think it is fair to assume that we could see a pullback of at least 10% at some point in the near future. What goes up, must come down. The...