Trade ideas
LABUI like LABU here. The stock markets are starting a new cycle which will move LABU higher. I have a target of $60, but I bet it goes much higher.
LABU bounce off of supportLABU dropped towards the support level, we're going to see if we can get a bounce tomorrow!
$LABU $BIB $IBB buy signalRSI 14 below 30-line has been good for a $5 to $10 move for patient holders...hourly chart.
XBI LongLawmakers benefit from taxes generated from biotech, and big pharma companies that are generating massive revenues. Expecting $LABU ~$50-55 range by mid September.
$LABU chart of interestThis high-level bullish rectangle seeing nice rolling stock play. Volume balance suggests upside breakout.
LABULABU Trade; I bought some LABU here, looks like it breaking out of this wedge. Looks like a bull flag consolidation moving out of the wedge. I should have spotted this earlier. If the T1 pattern is in play, We could see LABU at $58 maybe?
Longing LABU BiotechLABU Chart weekly formation is bullish after bulls held former resistance and now support. Targeting $55-$60.
Oversold LABU needs to show strengthOversold is an understatement really ... looking for separation from the bollinger band to create half position. looking for MACD crossing to create other half position. stop loss is the lower bollinger band or tolerable loss, whichever comes first.
Stock trade 2.I'm going to post an Energy / Stock / Metal Trade for the followers to trade.
I will post the update in the "update status" section of the portfolio post.
Starting capital is 10.000 $ in each portfolio. When I close the actual trade I will move the whole amount to the next trade - in this case it will be Stock trade 2.
Stock trade 1 ended with 6019,75 $ profit. Total capital is 16019,75$.
I moved the following positions from stock trade 1:
100 LABU entry price: 41.11$
100 LABU entry price: 41.79$
BIOTECH , TIME TO PILE LONG , IT WILL BE A GOOD RIDELONG BIOTECH SECTOR. THIS BOUBLE WILL BE FOR AT LEAST 1 YEAR.
TARGET 193,00
