The price broke the first channel trend (blue), then broke the second trend channel (pink), and then formed the first wave (1) completed the second wave (2), and now going like a rocket with wave 3.
I am in LABU long from 25. My first target of LABU was 43-45, accomplished, I raised the target to LABU=60 for now. as XBI is going easy to 85-90
Trade with care and make your own Judgment.
I am in LABU long from 25. My first target of LABU was 43-45, accomplished, I raised the target to LABU=60 for now. as XBI is going easy to 85-90
Trade with care and make your own Judgment.
Comment:
As I said, I am long in LABU, but it is much easier to make the analysis on XBI and IBB, , LABU will follow,
Comment:
Still few more $$ up in Biotech to go. I am still holding long LABU, getting closer to the target, but not yet. I may not wait for LABU to get to 60$. I will see how thing will go after 55$.
