XBI Trade on May 12, 2022 09:53 from spyrosz: Tradervue User Stock Trades.

2nd attempt after 05-10-2022 try and stopped-out. I was a couple of days early here...

Deep dive into major long-term (back from 2018) support level=$65, way over-extended from 9SMA@weekly/monthly timeframe. Can it hold above $65 and bounce to 9SMA@daily at a minimum, before it decides what to do next?? Can't see it breaking thru $65 w/o at least a proper bounce.

Almost 1xATR opening drive on volume (ATR>1) brought price back to $65.

-- Got long Tier 0 at the 1st pullaback after the opening drive higher, risking LOD=$61.5s
-- Expecting $65 to get reclaimed, buyers to step-up and $XBI start holding above the level
-- 1st target 9SMA@daily

05-13-2022
Worked quickly. Selling into strength.

05-24-2022
$67 support pivot seems to be holding.
-- Re-loaded long some size vs tight stop below $67s
-- Expecting a higher low and a move back towards $70s, then 9SMA@weekly=$78s at a minimum

05-25-2022
Other names already had explosive moves higher..This thing remains weak, pinned close to $65s. No bueno. Better concetrate to names that seem to work better.