AMEX:LABU   DIREXION DAILY S&P BIOTECH BULL 3X SHARES
168 2 5
With OIL             moving lower LABU             could drop here to retest the lower trend line . I do notice that the SP500             seems to go with OIL             or conversely! I have some LABU             . I thought the chart looked good coming off the lower trend line . But if the market moves down with OIL             I can expect LABU             to follow. I'll probably sell 1/2 my position Today and see how OIL             and markets do.
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.
Comment: LABU starting to get close to the upper trend line. I see a lot of indicators telling me that the stock markets are getting close to a top. I don't think LABU will continue higher IF the markets sell off. Look for 5200 Nasdaq as a possible place to sell LABU or at least place stops. Hopefully we make it to $42
Comment: Great trade on LABU, up over 40%. Hit $42 and sold 1/2 poistion, now riding the rest. At $45 currently. Watching TQQQ at $125 for a top.
Trade closed: target reached: Sold 2nd half at $44 last week
thanks for the update, totally agree
Reply
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.
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out