IBB 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 close today above my GANN FAN line support confirming reversal ....
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 meetings are not going out-of-style yet even after pandemic.
Not...
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 “Gap & Go” is looking for a stock gap up from the previous day's...
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).
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.
Why get subbed to to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
IBB D4: TOPPED OUT // correction looming // SHORT...
Why get subbed to to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
IBB D2: TOPPED OUT // correction looming // SHORT...
In this video I break down my watchlist for potential FDA dates to play in smaller cap pharma companies. Please note that this is not financial advise in any way.
My Watchlist:
$SESN
$FATE
$KLDO
$AVXL
$FSTX
$LPCN
$MITO
Good Luck!
The major indices like AMEX:SPY NASDAQ:QQQ have held up well despite talks of the delta variant though peeling back a few layers shows that there are underlying concerns. Many biotech, cloud software, and stay at home names are showing strong chart patterns that are poised to move higher. Among those names are NASDAQ:IBB NASDAQ:GILD NASDAQ:ZM CRM and ...
My Watchlist:
FDA Hype:
$EARS
$KDNY
$GLSI
$MTEM
Potential Swings:
$GENE
$BTX
$TENX
$EYES
$ZLAB
$LLY
Like and follow for more biotech ideas :) Happy Trading!
My biotech watchlist for this week:
FDA Hype
$GLYC
$AGEN
$GLSI
$ONCY
$MTEM
$ALPN
$ALPN
$CMPI
$ATXI
Potential Swings
$CTXR
$UBX
$ZLAB
Like and follow for weekly bio watchlists :) Also please comment your favorite tickers; I would love to hear what you guys think.
Happy Trading!
NASDAQ
