The #biotechnology is poised to go higher $IBB #heikinashi #trendfollowing #markets #biotechs

Biotechnology ETF ($IBB) daily

• (+) Break above the descending channel. A higher high.
• (!+) haDelta shows a sign of reversal.

 

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Biotechnology ETF ($IBB) weekly

• (+) The downtrend is shorter (until now) than the uptrend.
• (+) Breakout above the haDelta downtrend resistance.

 

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Biotechnology ETF ($IBB) monthly

• (!)  @resistance
• (+) An ascending triangle-like formation.
• (!+) haDelta points to a reversal.

 

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#Biotechnology #heikinashi #trends $IBB #markets #equities

Nasdaq Biotechnology ETF ($IBB) daily 

• (+) Imminent reversal

 

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Nasdaq Biotechnology ETF ($IBB) weekly

• (-) Imminent top

 

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Nasdaq Biotechnology ETF ($IBB) monthly 

• (+) More room to advance

 

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$AFFX bullish Heikin-Ashi signs $BBH $IBB $NBI #biotech #biotechnology #trends #markets #equities #trendfollowing #heikinashi

Affymetrix ($AFFX) monthly

• (+) Higher highs, higher lows since 2013
• (+) At support now
• (+) haDelta turned above its average

 

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Affymetrix ($AFFX) weekly

• (-) Still in a clear downtrend
• (-) Very weak reactions since the April top
• (+) The last Heikin-Ashi candle suggests a positive week coming
• (+) haDelta is above its average

 

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Affymetrix ($AFFX) daily

• (-) Noise
• (+) Trying to establish a bottom
• (!)  Positive above $9.39

 

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Waiting for A Deep Correction #trading #markets #stocks

(The arithmetic scale is kept on purpose)