$XBI - Potential Inverse H&S + Potential Channel breakout
XBI has been in down trend channel and now it looks like it might try to breakout again. It also look like it is forming the right shoulder of the inverse H&S.
If the price can stay above $80 in coming days, there is a chance that it can break out of the channel and head towards $97 with potential further upside to $119.
Target 1 - $97
Target 2 - $119
Stop - 74
Risk - Price retreat to $74 and below.
——
Disclaimer: Not investment advice.
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If the price can stay above $80 in coming days, there is a chance that it can break out of the channel and head towards $97 with potential further upside to $119.
Target 1 - $97
Target 2 - $119
Stop - 74
Risk - Price retreat to $74 and below.
——
Disclaimer: Not investment advice.
If you like this post, follow me and subscribe to my posts for more technical analysis charts.