5-Year Rising Broadening Wedge TL $IBB $XBI
Fades Just As Powerfully After Accelerated Trend Line Rejection. $XBI $IBB
TL Support Lower at $130 $XBI $IBB
Daily ILMN chart with bollinger(20,2) showing new downtrend with recent bear-flag. Second test of S1 pivot(Fib), likely continuation of downtrend along blue-line.
(Unsustainable) Trend Trajectory to Maintain $XBI $IBB
Now almost -16% Since Early March $IBB
OB on all timeframes but seems to be flagging. This company does so much!