AMEX:LABU   DIREXION DAILY S&P BIOTECH BULL 3X SHARES
806 22 28
Biotech is getting more and more bullish from day to day.
Even the S&P             was falling on Friday , LABU             closed on the daily maximum with
a nice volume .
Rsi is not overbought.
MACD couldn't cross down.
I think next week a higher high is coming.
I would like to see the 50 EMA to cross below the 20 EMA and the 10-20-50 EMA should support the price
during the rally without crossing over...

The test of the 100 EMA is coming at 47.26.

If you zoom out you can see the possibility in this vehicle...
Comment: I don't like LABU today.
Something is happening here. S&P in positive territory today and LABU is down heavily...
snapshot
Comment: This is starting look really good now.
WE just bounced from the trendline.
snapshot
Comment: Daily maximum close.
Sweet.
I just bought a bunch of this today, hoping to catch the upward movement. I also followed your OIL and especially the Gold ideas.

Thanks Chartwatchers, your analysis are amazing! You should start your own site that is subscription based, I would be loved to be one of your first clients!

XM.


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I entered last Friday at $23. what is the target to sell it? Thanks.
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Did you buy at the exact bottom?!
Congratulations! You must be a tough guy!
I will post at the weekend regarding LABU.
It has minimum 4 maybe 8 weeks to run.
Even 60$ is not out of the table. Sit tight , don't loose the position.
Reply
jinyuji210 chartwatchers
All thanks to your analysis. I will hold it. However, I didn't buy some oil related stocks at the right time. such as DRYS, SXE, CLF. I have some lost but I still hold it. Could you also update DRYS? It looks weird. Thanks.
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Yes I plan to the those also at the weekend.
Reply
chartwatchers PRO chartwatchers
Yes I plan to do those also at the weekend.
Reply
jinyuji210 chartwatchers
Cheers. Have a nice weekend.
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What do you think of LABU now? I think it is in a great support zone and that from now on the direction is only up to 30.86
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I would wait now what's happening with S&P today.
If S&P breaks we will test the lows in LABU or marginally break below it...
Reply
any update on labu?
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