$XBI - BIOTECH ETF - WATCHLIST -
Added 2024-04-12 09:59:18 +0000 UTC$XBI rejected at the middle blue line which was a support level from 2020 but the price had run from $63 to $102, so a pull back was well overdue.....and this also gives holders an opportunity to add on this pull back.
So what we want to see here is a pull back to the channel trend line at $86 and holding or bouncing here.
We can see that the 200 Day MA is moving up to this level too to offer support, making this a confluence level.
A hold here would be a buy signal for me.
Wave Y target remains the same at $174.
Comments
Could you share HPQ, thanks
Elia Ziliani
2024-04-12 10:39:19 +0000 UTCUndervalued sector and rate sensitive for the cuts when they eventually come
TommyJR
2024-04-12 10:00:36 +0000 UTC![七瀬由衣[ゆいぴー]](https://samsuka.com/istorage/96657.jpg)
