$XBI - Big potential in either direction on the monthly
Monthly chart. I see a head and shoulders where we're rounding out the right should right now to the downside with a great put play. However, we are above all VWAPs and EMAs on the monthly with some thin volume profile above. Current month has a bullish candle so there's a chance we negate the H&S and send it higher. If it goes higher, I bet we see $112 and $125 as levels - or around there.
Trade active
Looks like this thing is getting ready to go!
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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.