AMEX:LABU   DIREXION DAILY S&P BIOTECH BULL 3X SHARES
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The stock market was hit hard on the BREXIT vote. I believe LABU             has now found a bottom. The LABU             ETF shows a trend line break and a double bottom . The double bottom seems to be holding. Set your stops there. %R is over sold and recovering. Last time we saw this we had a run to the upper trend line . A similar move this time will bring us to $42. A very nice return on our $$$ risk if we get it. The purple arrows seem to confirm a trend change they are pointing out the Stochastic go long alerts. Same as before.
Comment: Looking at LABU. I see a LABU coming out of a 1/2 cycle low here. Pushing higher with the stock market to $42. A possible AB=CD target of $45. I am looking at a 2 hour chart. (refresh). Stochastics turning up, giving me a buy signal as well.
great to see your updates, hope the biotechs post good ER and boost the etf higher
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