My 2cents on Sab quote. On a weekly XBI is now running into strong resistance zone from here to low 90's with a down angled 100period at 81.28 currently near the bottom of that zone. The 50period is flat at 79.99. For momentum stoch is getting near overbought and rsi/adx still have a bit of room. For trend both macd's are showing at highs for the last year. There is room for more if the highs from 2022 are in play for the XBI sector. If XBI is going to fight for up then closing with support above 82.65 is a must. without it then consolidation or down is the higher odds. https://stockcharts.com/h-sc/ui?s=XBI&p=W&yr=3&mn=0&dy=0&id=p43210107402
Comparing the weekly AVXL to the XBI, XBI is the more advanced chart. AVXL is pushing against the 50period. It has flattened and trying to turn up. Very similar chart setup with AVXL having more structural resistance to go through. There is potential soon in both for a cup and handle pattern. https://stockcharts.com/h-sc/ui?s=AVXL&p=W&yr=3&mn=0&dy=0&id=p37486996519
That is the case for up. If that doesn't transpire then one can pick the support levels for retrace testing. If AVXL news is sufficiently strong/amazing then they don't need to move in tandem.
Conclusion. TA theory is making a case for consolidation and needing support. FA can trump that through news, so IMO it boils down to timing of news.
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