CalebDismuke

Good R/R for short position in XBI?

AMEX:XBI   SPDR SERIES TRUST 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.

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out