Ps: And if your balls are made of steel then you might want to take a look at LABU to further capitalize on any potential gains.
Ps: Carl Icahn sold his Apple shares and reinvested in Bio/Pharma. A good omen!
Picking up more LABU @$27
Big picture: I am LONG Biotech but would like to buy at the bottom of the range, just in case this consolidation continues to drag on a little longer than expected. Hopefully I won't get left behind :/ but at the same time, it's important to adapt to an ever changing environment.
i saw LABU $22 also but didn't have the confidence to grab the bottom. Biotech is new to me but expecting stock markets to remain upward now at least until the elections so expect Biotech to trend up too. Looks like we are in the XBI resistance zone at $57 to $60 now, showing BTK Rzone to be 3240 to 3324. I am showing LABU zone starting 38.27 to 39.91. Not sure I will have the confidence to hold LABU once we are into that zone. If LABU breaks $40 you think it could breakout above $42 channel top area? Seems like blue sky past $42.