ProjectSyndicate

IBB d2 accumulation buy/hold setup 40% gains

Long
BATS:IBB   iShares Biotechnology ETF
🔸Hello guys, today let's review 2daily chart for IBB . Entering re-accumulation
stage now, expecting range bound trading during autumn time season.
Range defined by range highs set at 135 usd and range lows at 117 usd.

🔸Similar fractal observed in 2018/2019. Faded into range after heavy spike,
re-accumulation then 50% pump later during spring 2020.

🔸Recommended strategy bulls: wait for pullback to complete and reload low
near range lows close to 111/113 usd (premium prices). TP1 bulls +20% gains,
TP2 bulls +40% gains. buy/hold setup for patient traders. good luck!

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