TICKER: 
XBI
XBI will be testing daily resistance $97.00. The nasdaq biotech
IBB already broke its daily resistance so can XBI follow along?
Again, dividend distribution was this week and it has an impact on the price.
However, I would still be caution because the weeky RSI is pretty extended. RSI is @ 71ish and historic pullback RSI level is around 72.
Weekly time frame is extremely extended and a break of the higher low every weekly candlestick pattern will be the first indication of consolidation.
I am very interested in looking for a swing trade of LABD because of how extended the bulls are.
XBIXBI will be testing daily resistance $97.00. The nasdaq biotech
IBB already broke its daily resistance so can XBI follow along?Again, dividend distribution was this week and it has an impact on the price.
However, I would still be caution because the weeky RSI is pretty extended. RSI is @ 71ish and historic pullback RSI level is around 72.
Weekly time frame is extremely extended and a break of the higher low every weekly candlestick pattern will be the first indication of consolidation.
I am very interested in looking for a swing trade of LABD because of how extended the bulls are.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.