I would like to address your question from yesterday regarding the TA for XBI. SAB did an excellent job and I will not rehash what he went over. In TA you look at different time frames and usually there is not unanimity is all of them. Currently every timeframe is oversold on the Stochastics indicator. It is probably the most followed indicator on the street for traders. This is not to say that it can not become more oversold but the rate of decline is not sustainable. We are at the bottom of the Bollinger bands inside the Keltner bands.
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