$XBI Breaking Out of Downtrend Line?
Diupdate
I have put on a ½ size position in “anticipation” of a reversal. I have been in and out of the 
XBI trade several times over the last 2 months. Overall, I have made a small amount of $$$ on several trades.
It looks like it may be in a pennant formation. We will not know that unless it continues upward from here. I have a tight stop on this just below yesterday’s low of $95.92.
Let’s see what happens.
XBI trade several times over the last 2 months. Overall, I have made a small amount of $$$ on several trades.It looks like it may be in a pennant formation. We will not know that unless it continues upward from here. I have a tight stop on this just below yesterday’s low of $95.92.
Let’s see what happens.
Catatan
Here is a 10 minute chart and the catalyst for my trade.
Trading ditutup secara manual
Closed this with a very small loss. Did not want to hold over night with no cushion. Original idea is still valid for now. Back on watchlist. Catatan
XBI continues to disappoint as it is and has been for a few days, below the 5 DMA. The positive for today is that (so far) it is above today’s AVWAP. However, it is also below yesterday’s and Monday’s AVWAP.
It is still on my watch list with an alert set at $97.20 as it recovers (if it does) the 5 DMA. Let’s see what happens.
Catatan
I have just brought XBI up to a full size position.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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