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kalosagathos
12 janv. 2017 10:52

IBB expects potential rally Long

iShares Biotechnology ETFNASDAQ

Description

Trump's speech sent IBB sector plummet as we can see in the green box area. Most of them might be auto programming sell-off. However, we saw it bounce back later in the afternoon. If IBB could climb above the uptrend line indicated, I see reversal for IBB sector. Plus, Trump's policy regard decreasing drug price harms IBB performance for the short term, but benefit the whole pharm for the long-haul.
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