XBI swing idea

thinkortrap
thinkortrap

XBI breaking daily downtrend resistance line. Momentum could push it up further.

Stop could be this weeks low at 76. Target 80
$1 risk $3 Price target

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Comments

  • JoshWinter
    JoshWinter
    Posts: 442

    Yes it looks as if 21 ema is acting as resistance on #XBI and the 50 ma. So may lose its legs small body candles forming as well, but markets will do as they please. Nice chart and analysis. @thinkortrap

    Always a Student. B)
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