hankchef

IBB might retrace at 290.6

hankchef Updated   
NASDAQ:IBB   iShares Biotechnology ETF
Might be a good chance to long LABD.
A further dip in LABD is a buy. Stoploss 296.67
Comment:
If Break 300, then find entry to long IBB at a pull back.
Comment:
Nice retrace
Comment:
Closely watch it, wait for a pull back before entering. This is a formation that near this top, institutions often sell their shares to amateur traders, the drop in price will force them to abandon their longs entered at the top.

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