XBI - Starting the year strong with a minor breakout-To The Moon - Tiger Brokers Online Investing Community

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XBI - Starting the year strong with a minor breakout

Lanmar
2023-01-14

$Spdr S&P Biotech Etf(XBI)$ XBI - Starting the year strong with a minor breakout

Biotech stocks have been my focus as many are showing significantrelative strengthand posting new 52 week highs. I got long XBI yesterday on the break of $85.

Something to consider - stocks well below theirall-timehighs have a lot of supply to contend with, so the probability of a smooth trend out of a base tends to be lower and raises the probability of failure.

The larger degree consolidation could look like this if the selling isn't absorbed by enough buyers at resistance:

https://www.tradingview.com/chart/XBI/fSO4xesR-XBI-Starting-the-year-strong-with-a-minor-breakout/

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Samlunch
·2023-01-14
Good call i hope it runs
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daz999999999
·2023-01-14
I warm your socks so that your stocks go up
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Greenhulk
·2023-01-14
oo
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Reaper709
·2023-01-14
🤟
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Art77
·2023-01-14
Ok
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Ha0
·2023-01-14
ok
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JoeCheng88
·2023-01-14
Ok
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AllFathers
·2023-01-14
ok
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EdwardKarchi
·2023-01-14
Nicenice
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Newnew
·2023-01-14
Hi
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J1000
·2023-01-14
K
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Ivan8888
·2023-01-14
nice
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ramondk
·2023-01-14
Good
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Vincent1968
·2023-01-14
ok
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marsc
·2023-01-14
Tks
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Huatx3
·2023-01-14
👍🏻
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GraceChan
·2023-01-14
ok
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- ZBM:
  [Cool]
  2023-01-17
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Jingkai
·2023-01-14
Ok
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Ackw
·2023-01-14
k
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jgaldon
·2023-01-14
thanks
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I got long&nbsp;XBI&nbsp;yesterday on the break of $85. Something to consider - stocks well below theirall-timehighs have a lot of supply to contend with, so the probability of a smooth trend out of a base tends to be lower and raises the probability of failure. The larger degree consolidation could look like this if the selling isn't absorbed by enough buyers at resistance:<img src=\"https://community-static.tradeup.com/news/7d6af5699e1a2a50e35958872a8b3692\" tg-width=\"-1\" tg-height=\"-1\">https://www.tradingview.com/chart/XBI/fSO4xesR-XBI-Starting-the-year-strong-with-a-minor-breakout/</body></html>","htmlText":"<html><head></head><body><a href=\"https://ttm.financial/S/XBI\">$Spdr S&amp;P Biotech Etf(XBI)$</a> XBI - Starting the year strong with a minor breakout<img src=\"https://community-static.tradeup.com/news/0fd8d5c3d8c6f5d4cb0c8f7f122d6e95\" tg-width=\"-1\" tg-height=\"-1\">Biotech stocks have been my focus as many are showing significantrelative strengthand posting new 52 week highs. I got long&nbsp;XBI&nbsp;yesterday on the break of $85. Something to consider - stocks well below theirall-timehighs have a lot of supply to contend with, so the probability of a smooth trend out of a base tends to be lower and raises the probability of failure. The larger degree consolidation could look like this if the selling isn't absorbed by enough buyers at resistance:<img src=\"https://community-static.tradeup.com/news/7d6af5699e1a2a50e35958872a8b3692\" tg-width=\"-1\" tg-height=\"-1\">https://www.tradingview.com/chart/XBI/fSO4xesR-XBI-Starting-the-year-strong-with-a-minor-breakout/</body></html>","text":"$Spdr S&P Biotech Etf(XBI)$ XBI - Starting the year strong with a minor breakout Biotech stocks have been my focus as many are showing significantrelative strengthand posting new 52 week highs. I got long XBI yesterday on the break of $85. Something to consider - stocks well below theirall-timehighs have a lot of supply to contend with, so the probability of a smooth trend out of a base tends to be lower and raises the probability of failure. The larger degree consolidation could look like this if the selling isn't absorbed by enough buyers at resistance: 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