ShakeShakeLeg

Biotech is where the cool kids are doing!

Long
ShakeShakeLeg Mis à jour   
NASDAQ:IBB   iShares Biotechnology ETF
What I see...
+ Prices pulled back from $136 to find support from the rising 10ma
+ Friday's bar painted a bullish engulf-like body within a NR7 on very low volume! This is like a spring that is compressed and getting ready to bounce!
+ RSI is at 61 and has just turned upward
+ MACD is flat in the bullish zone

- MACD is technically below signal line
- $136 is first resistance

What I setup...
+ Long entry above Friday's high
- Stop under last week's low
+ Target at 1.618Fib
:: Duration - weeks!

** Comments and Likes are appreciated; New Subscribers are stronger than biotech! **
Trade fermée: ordre d’arrêt atteint:
Stopped out at -1.02R
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.