Posted by CopperMtn on 20th of May 2020 at 10:26 am
LABD
I added some trendlines to
Steve's LABD Daily chart from last night's newsletter.
Looks like some positive divergence forming although I wish the EMA
Ribbons were tighter. That said, the fundamentals of a solid Covid
vaccine or treatment would undoubtedly give a huge lift to biotech
driving this 3x inverse ETF quickly down. On the flip side,
look at the potential gain as a percentage if there market flushes
down again.
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LABD I added some trendlines to
Posted by CopperMtn on 20th of May 2020 at 10:26 am
LABD
I added some trendlines to Steve's LABD Daily chart from last night's newsletter. Looks like some positive divergence forming although I wish the EMA Ribbons were tighter. That said, the fundamentals of a solid Covid vaccine or treatment would undoubtedly give a huge lift to biotech driving this 3x inverse ETF quickly down. On the flip side, look at the potential gain as a percentage if there market flushes down again.