$LABU - WATCHLIST -
Added 2024-07-23 04:15:15 +0000 UTC$LABU and $IWM have almost identical set ups right now, which is not a surprise, a bullish run for Small Caps will likely benefit the Biotech sector.
Again price has held on the 0.38 Fib here too and this remains above the ascending triangle breakout level at $124.
This set up remains bullish and comfortably above its 50 and 200 Day MA.
Remember this is a 3 X leveraged position, so caution is advised.
Comments
Thank you, very nice set up. I’ve just joined the community, do you usually include SL and TP to your analysis?
Pablo G
2024-07-23 14:14:55 +0000 UTC
