The biotechnology ETF IBB has limited upside near-term. The max upside is $306.75. This is the level that Pro Traders will be shorting. Notice below the range the IBB has been trading in. When it hits $306.75, it will be the high end of the range. The downside could be huge on this trade, with the lower target of the range at $250.00.
I post all of my trades on Verified Investing and you can follow every trade i take in real time, verified, here: verifiedinvesting.com/JennyRebekka
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.