Price is on verge of break out with potential target of 203
NASDAQ:IBB huge weekly candle. Breakout mode JULY 16 '21 $165 CALLS @$2.85 (Small position, low volume, scale in).
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 ...
target just below $158 IF IF IF IF IF IF IF it breaks out. w00f!
$IBB RETESTING A MAJOR MACRO SUPPORT LINE WILL BE MONITORING THIS AREA
Technical Analysis 1. As you see in the chart, we have tested the 200ema 3 times in the past; and it has not trade below it since April 2020. We have made a spinning-bottom on a downtrend, coincidental with a 4th test of the 200ema. 2. RSI and OBV show a positive divergence as the bottom from 2 weeks ago (Test #3) was at a lower level. 3. Bollinger Bands give...
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!
The target level is around 166.
Why get subbed 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 H4: BEST Level to BUY/HOLD 25% gains(SL/TP)(STOCKS) IMPORTANT...
IBB made all-time highs after a 5-year consolidation. The raising 200DMA is supporting the uptrend.
some biotech stocks are way over valued and over priced
Why get subbed 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 H4: BEST Level to BUY/HOLD 25% gains(SL/TP)(STOCKS) IMPORTANT...
Biotech ETF is holding a 5-year base breakout as it pulls back from a recent run-up close to new high. Lots of individual names with strong sales setting up in, and breaking out of bases. There's a future here. The industry breakout is ripe.