Build Positions in Biotech
- Biotech is a known high trading environment;
- More Investors will become "Traders" with new $0 trading fee platforms from Schwab and TD Ameritrade.
- Once people begin trading stocks, they will find that high is how the "big" day-trade/ swing trading money is made.
- New Med-tech and Biotechnology therapies (i.e. gene therapies, NASH/ NAFLD) are ripening and getting closer to approval.
- There are currently over 240 biotechnology companies with Gene therapy IP
- IP has been growing with RMAT and Breakthrough Designations due to unmet need of new novel treatments;
- As Biotech rolls into year-end, lower interest rates will propel company growth models which I believe will help drive buy outs.
LABU Technical Analysis:
and close to 52-week low.
1-year should move LABU stock price back up to around $40 level (resistance) where we will be watching for a potential breakout
measured "oversold" with the end of September pullback, CCI-slope is now trending higher,
This last pullback also measures a (data points are from Christmas 2018 and present)
Intra-day divergence, Daily trending higher;
the MS Signal recently flipped green as of 10/1/2019 and is still indicating a nice swing opportunity to come.
Three-drives pattern bouncing toward resistance concurrent with and .
Look for the (marked (x)) to hold.
See conclusion here!
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Disclosure: I do not own LABU , I may buy or sell within the next 48 hours. This is not a recommendation to buy or sell. Please do your homework before investing.