AMEX:LABU   DIREXION DAILY S&P BIOTECH BULL 3X SHARES
270 6 12
LABU             has been going crazy up for the last 3 trading days, gaps everyday. I'm considering short LABU             or say long LABD             soon.

3 reasons:

1. all the up/down needs to go like zig-zags, nothing like straight up like ka-boom rocket and never gets back

2. hidden RSI bearish divergence

3. MFI is approaching over-bought area

Cheers~
Comment: I see some MACD and RSI Bearish Divergence on 1H and Hidden Bearish Divergence on 4H
Comment: The last comment i had is according to XBI, not LABU/LABD
Comment: Welp....
Comment: keep going XBI keep going
Comment: so far i'm out for this trade now, and I'm just using it as a study.
this short is running great as I projected, let's see if it can close the big gap by next week.

P~o~t~a~t~o~~~!!
Comment: Trade(study) will end when the price close the gap
Trade closed: target reached: Gap closed, now wait for more price actions and see we can have some long opportunities
Nicely done, Corn. A-maize-ing! :)
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Cornhub tcp007
@tcp007, Thank you my friend~~~
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Goodjob brother 1
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Cornhub nnavarrete
@nnavarrete, thank u my friend, i will ask you more about this biotech pair
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yes, but wait few more days, LABU is expected to reach 60. I am long at LABU from 25. I have traded LABU and LABD many times, so watch closely above 55, but not before
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Cornhub saif12
@saif12, I'll follow u
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