The Traderszone Network

Published in TZ Latest News 12 July, 2017 by The TZ Newswire Staff

Biotech Sector XBI Bull Flag Setup

XBI looks like a decent swing long setup play on biotechs.

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There are 3 pocket pivot signals (blue dots) in the last 12 trading days which is bullish. The Effective Volume shows a beautiful positive divergence on the large players volume. The Twiggs Money Flow is holding up nicely as well.

I like the consolidation on this Bull Flag setup and then large players stepping in and buying.

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