BioTech had started the big rally finally. Record volume today. 22,46% in one day. It's not bad and it's only the beginning. The rally should last 1-1.5 months... Don't touch the portfolio just let it work for at least 1 month.
WATCH THE POTENTIAL. We might be talking about 500% this year.... (200$)
Comments
dimitriosb602
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I like this trade as well.. entered today. biotech is due for a rally!!!!
DagonLemaire
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a really broad question but how do you analyze your stocks?
chartwatchers
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do you mean LABU or Oil stocks?
DagonLemaire
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anything, anything you trade. how do you approach the trade? or do you approach each trade differently?
CyBriz
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How about DUST? The chart looks similar like LABU also with high volume.
chartwatchers
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The problem is that when you are buying DUST is the same when you are shorting the gold miners.
And gold miners are very strong now...
I think sooner or later gold will move down into its daily cycle low (1180-1150$) and then DUST can have a pop up.
If sometrhing happens and gold starts to run again without coming down to 1150-1180$ then DUST will break down.
I say that this week and next and maybe the week after next is the chance for DUST to pop. But by the 22nd of April you must get out of it the latest...
LABU is a different story. It's the new big story like internet and computers 10 and 20 years ago.
It is starting the bull market now.
CyBriz
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nice~ :)
chartwatchers
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And don't forget it's a 3x ETF. Same like NUGT just the opposite direction.
So when GDX is making +1%, NUGT is making +3%.
And DUST -3%.
But sometimes this number is : 5% GDX, 15%NUGT, -15% DUST...
:) So timing is important. This is the 2-3 weeks when we can steal some money from the gold bull if we short it.
But thats it... And we might just lose money. :)
CyBriz
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thanks for your insight. :)
CyBriz
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by the way, are you thinking of buying any biotech stocks?