forker
Long

XBIT LT Play with lot's of upside potential IMO

NASDAQ:XBIT   XBIOTECH INC
113 4 7
This is one of my longterm play.

XBIT             has crossed the CL             to the upside, did a little PB             , bevor it takes off to the centerline...hpefully ;-)

The exponential path so far does even kick my brain electricity for a cristal-bowl look up to the Upper Medianline. (...darn would that feel good...hehe...).

Playing it small, always in my risk range.

P!
Comment: So XBIT is gaining momo!
Wonderful exponential in the daily for this LT play.

Comment: Still going strong - XBIT looks unstoppable.

Daily Chart:
Comment: Here's how it rocks:

Comment: The weekly shows potential resistance.
That's why I expect a pullback to the centerline.

Comment: So here we are at the U-MLH in the Weekly.
Banged it's head to the tick and closed low.
Will it be able to go up to the blue centerline?
Holding to it?...hmmm...still in it.
Comment:
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Great, I'm long $IBB. Great upside ($345 target)
Reply
forker IvanLabrie
Nice catch Ivan :)
If IBB comes down to the CL. again, I'l join your party hehe

Reply
@forker, this one fared well, $IBB pulled back.
Reply
forker IvanLabrie
That's the difference XBIT is a stock, IBB the fund.
As such it reacts more to news etc.
But it's not the end now, we will see how this idea play out.
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