LABU bounce off of supportLABU dropped towards the support level, we're going to see if we can get a bounce tomorrow!
LABU trade ideas
$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
LABUThe stock market was hit hard on the BREXIT vote. I believe LABU has now found a bottom. The LABU ETF shows a trend line break and a double bottom. The double bottom seems to be holding. Set your stops there. %R is over sold and recovering. Last time we saw this we had a run to the upper trend line. A similar move this time will bring us to $42. A very nice return on our $$$ risk if we get it. The purple arrows seem to confirm a trend change they are pointing out the Stochastic go long alerts. Same as before.
LABUWith OIL moving lower LABU could drop here to retest the lower trend line. I do notice that the SP500 seems to go with OIL or conversely! I have some LABU. I thought the chart looked good coming off the lower trend line. But if the market moves down with OIL I can expect LABU to follow. I'll probably sell 1/2 my position Today and see how OIL and markets do.
LABU, ShortPerfect Ascending Channel and AB=CD, The price is most probably will keep falling to reach 26.
LABU is Heading back to $38-39 againWhat a nice trading range, but this time could go even further, break the trading range is possible.
