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Long

IBB Bright future for biotech industry?

NASDAQ:IBB   ISHARES NASDAQ BIOTECHNOLOGY INDEX FUND
Bio tech industries are supposed to have a bright future. Technical analysis also supports this view.

IBB             is hitting almost 52-week low with very strong support in place since early 2010s.

Careful for structure and 0.2 Fib (0.3 short term) at 278-279.

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