The beginning of an uptrend back to 38p?FBT has been trending down for a long time, is this a false dawn or a turning point? Comments?
Key stats
About FIRST TRUST GLOBAL FUNDS PLC NYSE ARCA BIOTECHNOLOGY IDX UT ETF A USD
Home page
Inception date
May 27, 2020
Structure
Irish VCIC
Replication method
Physical
Dividend treatment
Capitalizes
Primary advisor
First Trust Global Portfolios Ltd.
ISIN
IE00BL0L0H60
The Fund seeks investment results that correspond generally to the price and yield (before the Funds fees
Classification
What's in the fund
Exposure type
Health Technology
Stock breakdown by region
FBT.UK FORBIDDEN TECHNOLOGIESGaps may be filled, seems FBT likes gaps filled.
IMO no advice intended do your own research.
BWTFDIK.
Time For an ABC Correction?Elliot Wave Rules:
Rule 1: Wave 2 cannot retrace more than 100% of Wave 1.
Rule 2: Wave 3 can never be the shortest of the three impulse waves.
Rule 3: Wave 4 can never overlap Wave 1.
Postulate
Is it time for an ABC correction? Fibonacci seems to align quite well....
FBTFBT ,I note a head test(red) of the previous inverted head and shoulders (green) these usually play out, ref 2008 crash on US index look for similar pattern but in a bull market eg. invert everything. Russel, SP etc had this formation in the bull market head and shoulders then a test of the head whi
FBT - bullish bat?Harmonics don't often work on small caps & the A-C and X-D angles on here aren't exactly 88.6% BUT it's a pretty good looking bat all the same.
#FBTThis chart is weekly chart showing the overall massive pattern - the smaller patterns are still in play.
In my own opinion this major pattern still favours 38-49p as a target.
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.