$IBB Setting UpExciting setups this weekend are hard to come by. $IBB I entered Friday over its inside day & reversed by the close. Nothing wrong here yet & weekly looks very constructive. A way to play biotech strength w/o the individual stock risk. Will be out if it can't hold its 50 MA .Exciting setups this weekend are hard to come by. $IBB I entered Friday over its inside day & reversed by the close. Nothing wrong here yet & weekly looks very constructive. A way to play biotech strength w/o the individual stock risk. Will be out if it can't hold its 50 MA .Longby TaPlot2
Bullish BiotechClean bottoming pattern formed as well as clean shifting of momentum here Look for the bull flag breakout of the head and shoulders for 10-15% upside here Clean bottoming pattern formed as well as clean shifting of momentum here Look for the bull flag breakout of the head and shoulders for 10-15% upside here Longby NickofJupiter1
$IBB $XBI Biotech stocks has started the lead Reasons for adding long position to Biotech stocks ETF. 1)Biotech trade has bottom earlier than the S&P and Nasdaq 2) Resistance at $135 it tends to breakthrough 3) 50 MA tends to cross 200 MA 4) 200 MA start uptrendReasons for adding long position to Biotech stocks ETF. 1)Biotech trade has bottom earlier than the S&P and Nasdaq 2) Resistance at $135 it tends to breakthrough 3) 50 MA tends to cross 200 MA 4) 200 MA start uptrendLongby heisushi1
Biotech: textbook bullish continuation pattern breakoutBiotech was one of the first sectors in the market to show relative strength and catch some bids throughout the June bottoming process. IBB rallied 20% off the lows and then proceeded to consolidate sideways for 3 weeks. This Wednesday, IBB broke out of that consolidation with a gap up on heavy voBiotech was one of the first sectors in the market to show relative strength and catch some bids throughout the June bottoming process. IBB rallied 20% off the lows and then proceeded to consolidate sideways for 3 weeks. This Wednesday, IBB broke out of that consolidation with a gap up on heavy voby EvanMedeiros14
IBB - long way to go.I will not be bullish in Biotech until we reach the lows (-39% correction) or until we reach new highs. Should be a lot of mess here, for long period of time without a trend. I will not be bullish in Biotech until we reach the lows (-39% correction) or until we reach new highs. Should be a lot of mess here, for long period of time without a trend. by KholleKhokk4
IBB Biotech reversal pattern after bounce from TL; low may be inIBB bounced from the green pandemic support zone last March but have came back down to retest this zone. IBB has found support exactly on my GANN FAN line for several times before it breaks down & retested the violet downtrend line & bounced, making a reversal with a long hammer candle. IBB may cloIBB bounced from the green pandemic support zone last March but have came back down to retest this zone. IBB has found support exactly on my GANN FAN line for several times before it breaks down & retested the violet downtrend line & bounced, making a reversal with a long hammer candle. IBB may cloLongby xtremerider81
ZM back to pre-pandemic level; a fair & rational price to buy?This level seems to be a good place to buy but marrkets may remain irrational due to bad sentiment, inflation & geopolitical tensions. Technically, ZM may first consolidate & create a bottoming base coz ma20 is still far above. Investors may find this zone attractive to accumulate some shares. Zoom This level seems to be a good place to buy but marrkets may remain irrational due to bad sentiment, inflation & geopolitical tensions. Technically, ZM may first consolidate & create a bottoming base coz ma20 is still far above. Investors may find this zone attractive to accumulate some shares. Zoom Longby xtremerider80
Can Just One Trade a Day Be Any Good?Everyone wants a trading strategy that allows you to make one trade per day, yet you can still beat the market. Here we explore how you could make one. The Strategy: Gap & Go for Biotech Stocks We decided not to reinvent the wheel and just took the highly popularized "Gap & Go" strategy. The “GaEveryone wants a trading strategy that allows you to make one trade per day, yet you can still beat the market. Here we explore how you could make one. The Strategy: Gap & Go for Biotech Stocks We decided not to reinvent the wheel and just took the highly popularized "Gap & Go" strategy. The “GaEducationby BreakingEquity_official2
Biotech in bearish trend50sma has been an important moving average for this ETF. We see 3 consecutive tests of the 50sma as resistance and a bounce lower. As we see lower highs and lower lows, the bearish trend is confirmed. I expect we fail again and test the blue line ($144.5).50sma has been an important moving average for this ETF. We see 3 consecutive tests of the 50sma as resistance and a bounce lower. As we see lower highs and lower lows, the bearish trend is confirmed. I expect we fail again and test the blue line ($144.5).by dorfmanmaster11
IBB Biotech ETF worth monitoringIBB Biotech ETF worth monitoring, let's see if it holds the critical technical support levels. IBB Biotech ETF worth monitoring, let's see if it holds the critical technical support levels. by Alphahunter0712