LABU (XBI) LONG - Price Target: $70.
Moving average convergence/divergence crossover on multiple timeframes, RSI rising quickly out of overbought area, price bounced off of a long term price support/resistance line.
Target $70 : Tight stop loss
Target $70 : Tight stop loss
Note
Possible cup and handle forming.
Trade closed: stop reached
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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.