What seems to be similar to a skewed shoulder-head-shoulder might go back to lower levels of 4.6. Descending highs and lows.
LABU is gearing up for a massive rally before it dumps. I have seen this chart pattern alot and I am looking forward to see how it plays out. Not investment advice, please do your DD.
AMEX:LABU is about to take off, one of the sectors most affected by the reduction in earnings due to the decline in medicine sales during the pandemic. However, it shows signs of stabilization, at least a 17% and a 35% in the foreseeable future with two falling wedges. Remember cyclicals in a overload market.
IMGN had great earnings the last days of April and has been trending up ever since. It is riding the upper Bollinger band consistently in this past wee. The volume spike after earnings has subsided but ongoing volume is at about 5X the moving average of early April and March. Increased volume supports price momentum. The volume spike here is obvious and...
On the 4H Chart LABU is trending up since March 27th. Last week there was a small pullback which was met with more buying activity. On the volume indicator, the volume now is approximately 10X day by day compared with March's averages. It is this buying that is driving the bullish momentum. Small-cap speculative biotech companies are in a growth mode right...
As shown on the 15-minute chart, LABD is bouncing between stardard deviations of the VWAP in a 6% price range fluctuation day to day. At the upper end it is reversing at the POC of the volume profile confluent with one standard deviation above VWAP while at the bottom it is bouncing from the bottom of the lower high volume area of the profile and two...
Price diverging from the 11EMA and 60 VMA. Breakdown should send this to 5.10 and ATL. That might be last impulse move to downside. 4.5 would another zone of interest for bottom. no reason to be bullish here. Downside capitulation risk is high here.
LABU daily chart showing a recent break-out and successful back-test of the longer-term down trend. Optimism present due to a recent Bullish Cross on the MACD, price closing above the VWAP on Friday, price now above the 50-day MA, and buyers appear to be coming back. BBs staying tight on the daily suggesting a significant move may occur soon. Last time the BBW...
Two pitchfork lines (one with dashed lines and one with sold lines) neatly matched their bottom lines. The price (approximately) reached that level 5 times. Further, the solid's middle red line matches pretty well the dashed pitchfork top lines. All these makes for a more confident prediction(s). The first is that the price will reach above 14 (the top dashed...
labu just completed a breakout from the abcd pattern and im anticipating a bull flag breakout to 13, then 19, in which I then see a retrace to form the handle to the base of the cup
bull flag breakout from under neath bullish cypher pattern
A/D showing potential Bull Flag Breakout / Ascending Triangle $80.44 target area of $labu.. I do have a position
position in spy/xbi looking for desc. triangle breakout from low rsi/ad/macd cross
ABBV is one of Warren Buffet’s holding in BRK.B. It has been respecting the weekly wma50 for a long time while holding an uptrend. I think the sentiment has been too bearish & a shortterm rebound in the general market is due in the next few days. Not trading advice.3
AMEX:LABU LABU a 3x leveraged EFT in the biotechnology sector has diverse holdings. My thesis is that biotechnology and healthcare are relatively unhinged from the broader general market. On this 15 minute chart, consolidation at support is seen in July, Price then rapidly rose into a triple top in mid-August followed by a descent into a double bottom at...
LABU a 3x leveraged EFT in the biotechnology sector has diverse holdings. My thesis is that biotechnology and healthcare are relatively unhinged from the broader general market. Here I chart LABU / QQQ ratio to determine relative strength. On this weekly chart, the ratio and so relative strength are at more than a 52 week low. The MACD indicator shows the...
NYSE:NVTA a NASDAQ Penny Stock moving 10% today after an earnings loss with a pullback and rebound. Speculative but possibly with a good risk to reward since it has already pulled back. Stochastic RSI is low and all of this follows a long period of consolidation. RElative up volume today is 10-15X baseline showing good accumulation. Options for January 23...
This Daily Chart plots LABU to LABD ratios over time. LABU is 3X Leveraged ETF of a variety of biotechnology stocks while LABD is the inverse. By plotting the ratio of LABU to LABD, what can be found is the precise end of the LABU downtrend (LABD uptrend) and reversal into LABU uptrend ( LABD downtrend). In this case, the reversal occurred about June 17th...