Positive Technicals for Biotech

Biotech-- XBI Refresher from yesterday's 15:22 PM post...

Let's notice on the XBI Point & Figure Chart that the price structure has printed at a new near term rally high at 82.60, which triggers a near term buy signal, while on the daily chart, let's notice that XBI has sprung off of its 5 DMA above its down-sloping 20 DMA (82.21),which if sustained into the close will be a very positive technical action ahead of a test of its Oct. - Nov. resistance line, now in the vicinity of 83.50

11 30 17 XBI PF chart 1140 GIF
11 30 17 XBI PF chart 1140 GIF
11 30 17 XBI Day GIF
11 30 17 XBI Day GIF

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