As a whole basket, biotech is not a buy for longs swing trades
just yet. Tech analysis: XBI just went into a head and
shoulders bearish pattern, and it was already in a double top
bearish pattern. Best to wait just a bit before going long
this group.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
biotech
Trade Ideas
Posted by andreac on 8th of Sep 2008 at 01:31 pm
As a whole basket, biotech is not a buy for longs swing trades just yet. Tech analysis: XBI just went into a head and shoulders bearish pattern, and it was already in a double top bearish pattern. Best to wait just a bit before going long this group.