Ticker: $XBI
The biotech sector have been on absolute fire these couple of weeks. Check out the weekly chart with higher lows every candlestick.
The daily chart is getting toppy with somewhat of a double top at $96.61.
Break $94.08 this upcoming week and that will signal weekly consolidation. I will be scouting for a bearish play with LABD this upcoming week.
Weekly RSI also approach oversold so that means be cautious bulls.
The biotech sector have been on absolute fire these couple of weeks. Check out the weekly chart with higher lows every candlestick.
The daily chart is getting toppy with somewhat of a double top at $96.61.
Break $94.08 this upcoming week and that will signal weekly consolidation. I will be scouting for a bearish play with LABD this upcoming week.
Weekly RSI also approach oversold so that means be cautious bulls.