XBI March 18th, 2021
Confirming resistance by being continually rejected at the 20 day moving average. Now selling off on increased volume.
XBI March 15th, 2021
Trend seems to be changing as this closes back above the 20 day moving average. 50 day average at 152.29 now key to better confirm the likelihood of continuation higher.
XBI March 4th, 2021
Haven’t updated this in quite some time. We’ve been avoiding this (biotech) for quite some time. Here’s the why
Still seeing no reason to be long here
This chart also a good example of why to not hold a stock; expecting a significant bounce higher based only on it being technically oversold.
XBI Feb 5th, 2021
Breaking out, with continuation to new ATH’s No resistance overhead
XBI Jan 6th, 2020
Signal confirmed nicely closing back above the 20 day moving average and could certainly continue higher.
XBI Jan 5th, 2020
Nice intal attempt to turn around, pushing just above resistance. All about follow through now
XBI Nov 13th, 2020 Weekly chart
This new ATH telling me that biotech sector likely continue higher.
XBI Nov 10th, 2020
This drop to pop (red to green) setup is compelling and could lead to a new all time high.
XBI Oct 21st, 2020
3 Black Crows Think it’s worth being cautious.
XBI Sept 29th, 2020
This follow through is compelling and thinking continuation higher is likely
