Biotech has been hammered since Feb 2021. This ETF is still down 50% + from it's all time high.
It formed a double bottom and now a small bullish flag.
Target is 97. Longer term 122,134
It formed a double bottom and now a small bullish flag.
Target is 97. Longer term 122,134
Trade active
Note
We move higher on support, or break back into the channel and we get stopped out. Either way, the RR on this trade looks good.Trade active
Adjusting the flag pattern. Bull flag still valid and trade still activeTrade active
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.