CalebDismuke

Good R/R for short position in XBI?

AMEX:XBI   SPDR S&P BIOTECH ETF
Technically Speaking
Price is trading right up to the pivot level 68.

Where is the R/R?
The R/R favors the shorts at these levels, in my opinion. I would target the rising trendline noted on the chart. Stop above 73.

If long, you have three options, hold and hope for bigger gains,take profits, or use a trailing stop.

As always, trade your plan and execute.

Come chat with me
http://gettsam.com/
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out