Posted by pugsma on May 13, 2020
Back on May 1st, I gave my 2000+ twitter followers this simple IBB chart drawn from my iPhone CNBC application. IBB was trading hear 120 at the time I called the potential Cup and Handle pattern with a target or 166.
Below is little more detailed IBB 4-hr chart with a C&H target near 160.
IBB May 1st, 2020:
IBB 4-hr chart (5-13-20):
Posted in IBB | Comments Off on May 13th, 2020: IBB 4-hr Chart
Posted by pugsma on April 20, 2020
The IBB Cycle 2 (C2) top (2015) pre-dated the SP-500 Cycle 2 (C2) top (2018) by about 3 years. The Cycle 3 (C3) wave higher has been underway since early 2016 and should last until at least year 2030.
IBB Monthly Chart:
Posted in IBB | Tagged: Elliott Wave Technical Analysis, IBB Technical Analysis | Comments Off on April 20th, 2020: IBB (Biotechnology) Monthly Chart