$IBB $XBI Biotech stocks has started the lead Long

iShares Biotechnology ETFNASDAQ

Description

⋅ Nov 14, 2022 1:40 AM

Reasons for adding long position to Biotech stocks ETF.

1)Biotech trade has bottom earlier than the S&P and Nasdaq
2) Resistance at $135
it tends to breakthrough
3) 50 MA tends to cross 200 MA
4) 200 MA start uptrend