Comments on: Biotechs, XBI & IBB, Break Support https://rightsideofthechart.com/biotechs-xbi-ibb-break-support/ Stock Trading, Investing & Market Analysis Mon, 22 Jan 2018 01:41:52 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: lee1 https://rightsideofthechart.com/biotechs-xbi-ibb-break-support/#comment-2734 Tue, 18 Oct 2016 12:24:35 +0000 http://rightsideofthechart.com/?p=173363#comment-2734 Biotechs also fell on Hillary fear (she will win the election) and not so much based on TA so that along with the market pulling back is what accounts for it falling the last few weeks.

]]> By: lee1 https://rightsideofthechart.com/biotechs-xbi-ibb-break-support/#comment-2733 Tue, 18 Oct 2016 12:16:06 +0000 http://rightsideofthechart.com/?p=173363#comment-2733 I would point out that you missed out on every big rally in the biotech sector so your TA has not worked for the most part on this sector. One does not need TA to know that the biotech sector goes down when the s+p goes down.

]]> By: rsotc https://rightsideofthechart.com/biotechs-xbi-ibb-break-support/#comment-2716 Mon, 17 Oct 2016 14:39:48 +0000 http://rightsideofthechart.com/?p=173363#comment-2716 In reply to GetItRiight.

Might be prudent to wait for the major stock indices to impulsive break below those key support levels that I posted this morning. Once/if the broad market goes, that will greatly increase the odds of more downside in the biotechs. Until then, support is support until broken.

]]> By: GetItRiight https://rightsideofthechart.com/biotechs-xbi-ibb-break-support/#comment-2715 Mon, 17 Oct 2016 14:08:38 +0000 http://rightsideofthechart.com/?p=173363#comment-2715 Randy, would you take a position shorting LABU now or wait for a better entry since the RSI on the hourly is way oversold and is approaching oversold on the daily as well?

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