AMEX:LABU   Direxion Daily S&P Biotech Bull 3X Shares
LABU looks right here for a reversal. The Bullish Bat pattern is in play as we reached the 88.6% pattern today. We now have a chance to go to 50% fibo which is around $40.10
Commentaire:
First target reached, have a stop in place to protect your gains.
Trade fermée: cible de profit atteinte:
Sold 1/2 my position
Commentaire:
Is LABU bull flagging and setting up for another run higher?
Trade fermée: ordre d’arrêt atteint:
The bull flag on LABU is taking too long to move higher. I think its time to close the trade.
Commentaire:
LABU could be set up again for another run higher. Possible Bull flag, and 61.8% FIBO retrace

Commentaire:
Is it too late to buy LABU? Short term maybe. Look at the purple arrows. All are where I have sell signals (red SELL). The last 2 worked perfectly, now? If we get a strong break out of the bull flag, then BUY. We could get one more correction. IF you see what I mean?

Commentaire:
Amazing how that worked out. Next target $32.50. Might be a good BUY there.


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