Biotech is getting more and more bullish from day to day.
Even the S&P was falling on Friday , LABU closed on the daily maximum with
a nice volume.
Rsi is not overbought.
MACD couldn't cross down.
I think next week a higher high is coming.
I would like to see the 50 EMA to cross below the 20 EMA and the 10-20-50 EMA should support the price
during the rally without crossing over...
The test of the 100 EMA is coming at 47.26.
If you zoom out you can see the possibility in this vehicle...
Even the S&P was falling on Friday , LABU closed on the daily maximum with
a nice volume.
Rsi is not overbought.
MACD couldn't cross down.
I think next week a higher high is coming.
I would like to see the 50 EMA to cross below the 20 EMA and the 10-20-50 EMA should support the price
during the rally without crossing over...
The test of the 100 EMA is coming at 47.26.
If you zoom out you can see the possibility in this vehicle...
Note
I don't like LABU today.Something is happening here. S&P in positive territory today and LABU is down heavily...
Note
This is starting look really good now.WE just bounced from the trendline.
Note
Daily maximum close.Sweet.
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Disclaimer
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.