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hankchef
Sep 15, 2016 3:21 AM

IBB might retrace at 290.6 

iShares Biotechnology ETFNASDAQ

Description

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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