$LABU insanely strong TSV build leasing into a donchian zig-zag test for first time since Sept. looking for a breakout here.
$LABU Is clearly outperforming the market. That said it currently sits at the strong resistance since October confirmed by XBI chart. Making lower highs also. A break out to the upside or final flush is the question.
Happy new year bio investors! Let’s hope 2023 is kinder to the sector compared to the last couple of years. We are primed to break out of the 6 month consolidation period. Volume would suggest the same. Looking forward to Today!
$S&P Biotech Bull 3X Shares(LABU)$
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