Biotechnology belongs to the sectors of the stock market which were rather moderately affected by the Coronacrisis. In fact, in the second half of april the NYSE ARCA Biotechnology Index even managed to surpass its pre-corona levels to attack its previous high at about 5.420. However the advance of the preceding days was too strong to get beyond that level and in...
Hi, The "famous" and loved stock among investors, Berkshire Hathaway, approaching a pretty sweet breakout zone. Since the mid of 2018, the price has started to "draw" a chart pattern called Triangle. At the moment, we can say that this Triangle is a continuation pattern and if we see a Weekly candle close above the upper orange trendline (marked as a green area)...
The biotech sector is really interesting when you dive down into the symmetry of the last few cycles. Early 2000s-2008 and 2016-2018 are mini rallies within the bigger wedge. If this pattern is to continues, you can look for entry around the end of 2020 when we bump up against the larger support line (around $3600), and expect to hit the resistance of the larger...
AMEX:XBI INDEX:BTK NASDAQ:IBB AMEX:LABU NASDAQ:IBB
Looks like there could be a meaningful drop