XBI June 19th, 2020
Chart updated Increased volume worth noting. Expecting higher
XBI June 16th, 2020
XBI June 15th, 2020
XBI May 29th, 2020
This retest of support is important. Today we got a higher low and closed above the 20 day moving average (on increased volume) Looks good. I’m thinking it likely goes higher, potentially to a new ATH (all time high)
XBI May 22nd, 2020
New ATH (closing price) Confirmed with strength today, with the 50 day moving average crossing above the 200 day moving average. Long term trend well intact and could certainly go higher.
XBI May 21st, 2020
Closed lower today but the Raindrop is signaling bullish; with more of the buy interest towards the higher end during the last half of the trading session.
Also note the 50 day moving average now about to cross above the 200 day average. A cross above would be a significant signal. Looks good.
XBI May 7th, 2020
XBI April 27th, 2020
XBI April 24th, 2020
All 3 gaps now filled. Amazing rebound on biotech, now nearing its 52 week high. Potential setup for a breakout to higher levels
XBI
Another strong move (leg up) closing above its 200 day moving average and could see more upside
