Chart of the Day: Biotechnology

The Biotechnology ETF IBB had gone parabolic and sold off on Friday and continued with a hard pullback to the 50 day moving average. Yesterday we went long at the close.

Why did we go long on a stock that sold off so hard?

A few days ago we talked about not fearing pullbacks. Here, the stock was testing the 50 day moving average and stochastics were extremely oversold under 20. This is a low

Komentar

Posting Komentar

Postingan populer dari blog ini

Renovated 2 1/2 Storey Bungalow at Bidai Residence, Bukit Jelutong

Gambar
* FREEHOLD * Land area: 6652 sf * Build up area: 4300 sf (approx) * 7 Ensuites Bedrooms * 8 Bathrooms * Wet & Dry kitchen * Breakfast & Dining area overlooking water fountain * Plaster ceiling. * Jacuzzi in master bedroom * Top floor/attic overlooking forest * Kids pool * High security residential area. Asking Price RM3.5 mil Kindly call Naqib at 0168887652 for details and private viewing arrangement.
Baca selengkapnya

FORTE BUNGALOW @ Bukit Jelutong, Shah Alam

Gambar
FORTE BUNGALOW @ Bukit Jelutong, Shah Alam Property Type: Bungalow House Tenure: Freehold Land Area: 8,000 sq. ft. Built-Up: 6,079 sq. ft. Bedrooms: 6+1 Bathrooms: 7 ~ 40 exclusive bungalow homes set in a low-density neighbourhood ~ Solar heating system provides hot water to all bathrooms and wet kitchen ~ Rain harvesting system collects water for external garden usage ~ All homes equipped with air conditioning system ~ An outdoor terrace attached to the dining area, perfect for morning coffee with the family ~ Self-contained Master Bedroom with an adjoining private study, walk-in wardrobe and an open-air Jacuzzi ~ Kitchen Cabinet (inclusive Wet & Dry) ~ Wardrobe Cabinet for Master Room, Bedroom 1 & 2. ~ Alarm System ~ Outdoor Gazebo Call 016 8887652 NOW for further details.
Baca selengkapnya

Semi-D For Sale at D'Puncak, Bukit Jelutong, Shah Alam, Selangor

Gambar
A Brand New Semi-D For Sale at D'Puncak, Bukit Jelutong, Shah Alam, Selangor D'puncak is a semi-detached residential area located in an exclusive land on top of a hill in Bukit Jelutong that provides one with beautiful panoramic view of the lush greenery of Bukit Cerakah Forest Reserve. * FREEHOLD * Land Area: 6400 sf * Build Up: 5024 sf * 6 Bedrooms, 6 Bathrooms* Dual Frontage * Nice area with beautiful panoramic view * Fully Gated and Guarded * Asking Price : RM 3.25mil Kindly call Naqib at 016-888-7652 for details and exclusive viewing arrangement.
Baca selengkapnya