CoinVigilante

$PBE Ascending Triangle pattern waiting for confirmation

Long
AMEX:PBE   Invesco Biotechnology & Genome ETF
$PBE Ascending Triangle has been forming since April 2021. Waiting to see for a bounce on the diagonal support line. A daily close above $80.70 will trigger a long signal. Price target of $89.60. Price got rejected at 18 MA, and gapped down at today's open, finding support at the diagonal line. This gap down on price is not a surprise, since most of the markets gapped down at the open.

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