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bhowe
2 feb 2017 18:24

LABU Lång

Direxion Daily S&P Biotech Bull 3X SharesArca

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Looking at LABU, initial breakout is consolidating now, probably a 1/2 way pullback to be expected. Then a push higher to the 45-46 area. RIS overbought, so wait for a pullback soon.

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Didn't get the flag, just moving higher.

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Trade on target, looking for 46-47

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Trade still on track. Id be looking to cover with stops once you get to 45.63, might go as high as 47.09 so don't sell all. Just be cautious.

Trade stängt: målet nått

I think a tight stop is order here. You might get a double top. Right now the road map has been met, probability of a downturn. Im selling.
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ArtFly
Good luck. I will join the next time.....
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