follow_the_money

xbi inverse H&S short term ->#bullish run into 2020

Long
AMEX:XBI   SPDR Series Trust SPDR S&P Biotech ETF
The beginning of a new age w novelty therapies in Biotech sector (i.e. gene editing, gene therapy, ERT, Pi3K inhibitors, FAK inhibitors, heart disease, diabetes, mental health, medical equipment, cannabis, etc..)
The Bio technology sector will see a bunch of M&A in coming years as big pharma merge to take market share in different parts of the industry, novel therapies will continue to grow this sector and may even likely start seeing a roll over from people who invested in the tech sector in the begining of its dawn.
But especially with CBD and other unknown health and wellness that comes from the cannabis M&A, in my opinion, has just begun!

This is just my opinion, 2019 will bring new factors to the industry in ways to heal people/ give them quality of life that wasnt available (legally) before. BIO has always been a risky sector, as many companies are in FDA clinical trials- Make sure you know what you are investing in and have risk appetite for possible sharp swings.

GOOD LUCK IN 2019!

Disclosure: I am not being paid to publish this chart, nor should is this investment advise. Everyone, PLEASE do your own research (DD) before buying any tickers mentioned, as markets fluctuate and no one ever truly knows "exactly" what may happen next.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.