Biotech for continuationBiotech ETF has held up well, and looks primed for bullish continuation. My guess is biotech brands are ramping up. They patent the altered viruses, and then sell you vaccines in a Faustian and Hegelian mix up.
IBB trade ideas
Biotech for continuationBiotech ETF has held up well, and looks primed for bullish continuation. My guess is biotech brands are ramping up. They patent the altered viruses, and then sell you vaccines in a Faustian and Hegelian mix up.
IBB Biotech is due for a runAt some point there will be a boom biotechnology stocks. They haven't done much in the past ten years. I believe IBB will pass 250 within the decade. However, if the market remains stable, without any 20%+ corrections, I think IBB hits 250 to 300 in the next year
IBB - iShares Biotech EFT - SHORT (Wyckoff Redistribution)IBB looks to be in a Wyckoff Redistribution phase, with UTAD emerging currently.
On a larger time frame, looks as though a weekly H&S patter forming with the re-distribution section acting as the right shoulder.
My price target is $57, in line with the 1.618 fib extension.
IBB - long way to go.I will not be bullish in Biotech until we reach the lows (-39% correction) or until we reach new highs.
Should be a lot of mess here, for long period of time without a trend.
IBB d2 accumulation buy/hold setup 40% gains🔸Hello guys, today let's review 2daily chart for IBB . Entering re-accumulation
stage now, expecting range bound trading during autumn time season.
Range defined by range highs set at 135 usd and range lows at 117 usd.
🔸Similar fractal observed in 2018/2019. Faded into range after heavy spike,
re-accumulation then 50% pump later during spring 2020.
🔸Recommended strategy bulls: wait for pullback to complete and reload low
near range lows close to 111/113 usd (premium prices). TP1 bulls +20% gains,
TP2 bulls +40% gains. buy/hold setup for patient traders. good luck!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
IBB Entry, Volume, Target, Stop, ResistanceEntry: with price above 133.81
Volume: with volume greater than 1.67M
Target: 138.50 area
Stop: Depending on your risk tolerance; Based on an entry of 133.82, 132.25 gets you 3/1 Reward to Risk Ratio.
Resistance: 135 area
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
$IBB Setting UpExciting setups this weekend are hard to come by.
$IBB I entered Friday over its inside day & reversed by the close.
Nothing wrong here yet & weekly looks very constructive.
A way to play biotech strength w/o the individual stock risk.
Will be out if it can't hold its 50 MA .
Bullish BiotechClean bottoming pattern formed as well as clean shifting of momentum here
Look for the bull flag breakout of the head and shoulders for 10-15% upside here
$IBB $XBI Biotech stocks has started the lead Reasons for adding long position to Biotech stocks ETF.
1)Biotech trade has bottom earlier than the S&P and Nasdaq
2) Resistance at $135
it tends to breakthrough
3) 50 MA tends to cross 200 MA
4) 200 MA start uptrend
Biotech: textbook bullish continuation pattern breakoutBiotech was one of the first sectors in the market to show relative strength and catch some bids throughout the June bottoming process.
IBB rallied 20% off the lows and then proceeded to consolidate sideways for 3 weeks. This Wednesday, IBB broke out of that consolidation with a gap up on heavy volume and is now finding more follow-through.
Keep an eye on the old Feb/Apr highs around 135 which seems like the next target in this uptrend.
IBB Biotech reversal pattern after bounce from TL; low may be inIBB bounced from the green pandemic support zone last March but have came back down to retest this zone.
IBB has found support exactly on my GANN FAN line for several times before it breaks down & retested the violet downtrend line & bounced, making a reversal with a long hammer candle.
IBB may close today above my GANN FAN line support confirming reversal . Closing the next few days above 124 the pre-pandemic high would give added confidence to the bottom reversal pattern.
Next resistances are 127 & 136 to make a higher high.
Not trading advice
ZM back to pre-pandemic level; a fair & rational price to buy?This level seems to be a good place to buy but marrkets may remain irrational due to bad sentiment, inflation & geopolitical tensions.
Technically, ZM may first consolidate & create a bottoming base coz ma20 is still far above.
Investors may find this zone attractive to accumulate some shares. Zoom meetings are not going out-of-style yet even after pandemic.
Not trading advice.
Can Just One Trade a Day Be Any Good?Everyone wants a trading strategy that allows you to make one trade per day, yet you can still beat the market. Here we explore how you could make one.
The Strategy: Gap & Go for Biotech Stocks
We decided not to reinvent the wheel and just took the highly popularized "Gap & Go" strategy. The “Gap & Go” is looking for a stock gap up from the previous day's close price with the goal to follow an uptrend. We use biotech stocks as they tend to have higher volatility compared to other industries.
You can easily find way more information about the idea and the thesis behind it. We also have a detailed explanation of the enter and exit conditions below.
Screening Criteria
Biotech Equities (we're using iShares Biotechnology ETF $IBB as a list)
Up in the morning 3% or more
Are above pre-market high and yesterday’s high
Enter Criteria (when to open the position)
Stock price is above EMA 9
Stock is going up and EMA 9 is going
Exit Criteria(when to close the position)
Price crosses below EMA 9 and stays there for 3 bars
End of the same day
Trailing stop loss of 1.0%
Conditions
$10,000 trading capital
Do not trade early close days
Only one trade per day
If no equities meet the screening or entry criteria, do not trade
The Results: +58% gain over one year
Profit $5,801.4 | Wins 48 | Losses 49
Looks pretty decent, but we think that’s just the beginning as we’re going to improve it even further by looking at overall market conditions like $SPY behavior or news.
Disclaimer: Not financial / investment advice
Biotech in bearish trend50sma has been an important moving average for this ETF.
We see 3 consecutive tests of the 50sma as resistance and a bounce lower.
As we see lower highs and lower lows, the bearish trend is confirmed.
I expect we fail again and test the blue line ($144.5).
IBB Biotech ETF worth monitoringIBB Biotech ETF worth monitoring, let's see if it holds the critical technical support levels.
IBB D2: TOPPED OUT // correction looming // SHORT IT!(NEW)Why get subbed to to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
IBB D4: TOPPED OUT // correction looming // SHORT IT!(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: IBB / Biotech sector is maxed out
::: previously a steep 100% run up
::: unsustainable
::: hype is already gone
::: 30/40% correction incoming for IBB
::: VERY limited upside from here
::: rotate out of biotech now
::: expecting correction MODE
::: alternatively you can also SHORT IT
::: SHORT IT 25% gains at least short-term
::: more coming over next few months
::: unsustainable gains, game over now
::: distribution at the TOP setup
::: spells MAJOR trouble for the BULLS
::: BEAR cubs will turn into GRIZZLY
::: expecting CORRECTION to last next 4-8 months
::: distribution at the top in progress
::: will lose up to 40% during correction
::: There is no upside in this market
::: Get out / trim exposure / or SHORT IT
::: Game over bulls and market will shift
::: into BEAR mode September/October 2020
::: either way setting up for 40%+ correction
::: 4-8 months of correction incoming soon
::: better be prepared in advance
::: when there's GREED there's also PAIN
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment: BEARS
::: Sentiment outlook short-term: BEARISH
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
IBB D2: TOPPED OUT // correction looming // SHORT IT!(NEW)Why get subbed to to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
IBB D2: TOPPED OUT // correction looming // SHORT IT!(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: IBB / Biotech sector is maxed out
::: previously a steep 100% run up
::: unsustainable
::: hype is already gone
::: 30/40% correction incoming for IBB
::: VERY limited upside from here
::: rotate out of biotech now
::: expecting correction MODE
::: alternatively you can also SHORT IT
::: SHORT IT 25% gains at least short-term
::: more coming over next few months
::: unsustainable gains, game over now
::: distribution at the TOP setup
::: spells MAJOR trouble for the BULLS
::: BEAR cubs will turn into GRIZZLY
::: expecting CORRECTION to last next 4-8 months
::: distribution at the top in progress
::: will lose up to 40% during correction
::: There is no upside in this market
::: Get out / trim exposure / or SHORT IT
::: Game over bulls and market will shift
::: into BEAR mode September/October 2020
::: either way setting up for 40%+ correction
::: 4-8 months of correction incoming soon
::: better be prepared in advance
::: when there's GREED there's also PAIN
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment: BEARS
::: Sentiment outlook short-term: BEARISH
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
$IBB #IBB sure noted as per $LABU day #LABU all day is win win but looks like sideline action here , more of the hope that actual trend , but forming steady yet
IBB sector heating upNASDAQ:IBB huge weekly candle. Breakout mode JULY 16 '21 $165 CALLS @$2.85 (Small position, low volume, scale in).
BioTech And Stay At Home Stocks Show Delta WorriesThe major indices like AMEX:SPY NASDAQ:QQQ have held up well despite talks of the delta variant though peeling back a few layers shows that there are underlying concerns. Many biotech, cloud software, and stay at home names are showing strong chart patterns that are poised to move higher. Among those names are NASDAQ:IBB NASDAQ:GILD NASDAQ:ZM CRM and NYSE:SNOW . Meanwhile other stay at home related stocks have already run wild altogether - NASDAQ:ADBE NASDAQ:DOCU AMEX:IGV NASDAQ:BNTX NASDAQ:MRNA . Investors should be cautious as these stocks may be signaling weakness in Q4 as variant fears are causing more and more corporations to require masks and as inflation gets out of hand on Main street, which could ultimately slow growth as the middle and lower class are forced to tighten belts.
