NFTRH+; check out this pattern [w/ edit]

I added back Biotech related DVAX yesterday, noting a short-term bottoming pattern (trade log): “As for the chart, the daily has a little hint of a short-term bottoming pattern if today remains positive.” Now let’s take a look at the Biotech ETF (daily chart), which is forming something similar. The down-sloping SMA 200 (black) is actually something of a neckline for the pattern and this … Continue reading NFTRH+; check out this pattern [w/ edit]

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NFTRH+; a US Sector ETF Cup & Handle Breakout & Target

We track the Biotech iShares each week, and here is the up to the minute view of a constructive situation breaking to a bullish one. From NFTRH 514 (I since added BIIB as well, per the Trade Log). The rough target for this pattern, which has turned out to be a Cup with a Handle breakout is around 137 as long as the 118-119 area … Continue reading NFTRH+; a US Sector ETF Cup & Handle Breakout & Target

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NFTRH+; A Look at Biotech

Sending to the entire subscriber base since this works as a macro-related update as well. First, a long-term chart we have reviewed on occasion showing leadership lost by big Bio vs. big Tech.  A long-term series of higher highs and higher lows is intact, but the relative bull market has been under much pressure since 2015, when it dropped below the long-term supportive moving average.  … Continue reading NFTRH+; A Look at Biotech