I have decided to set the price target for the recent LABU long trade at 21.50. This target is derived from the analysis discussed on XBI in the Biotech video posted earlier today as well as the fact that XBI & LABU have continued to consolidate just below the 64.50ish resistance level covered in the video. So far, that consolidation has taken the form of a bullish pennant consolidation pattern.
XBI LABU Bullish Pennant, Price Target Finalized
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