S&P Biotech ETF (LABU) is best buy at current level of $21 (multi year lows), for upside targets of $50, 65, 80 and 100. Underlying Biotech Index (#XBI) has 20% annual return over 20 yrs, and LABU is 3x ETF on the underlying S&P Biotech Index, so a huge recovery and catch up rally is …
S&P Biotech ETF (LABU) has been correcting since last 6 months, since Feb 2021. Strong support is visible at $50 level. All prices below $60 should be used for buying, for upside targets of $100 and $125. Therefore, LABU ETF is a strong buy at the current market price of $54, because over 100% gain …
Litecoin (LTC) has given very good gains in crypto trading over last 3 years. Deep corrections are always a strong buying opportunity. As per our analysis, some more is rally is possible in the coming 8-12 weeks, which can also retest the previous high of 413. The reliable upside target in Litecoin (LTC) is 289, …
Reliance Industries, which is the leading stock in Nifty50 index of India, has been in strong uptrend since March 2020 after making a low of 867. The stock rallied non-stop to 2400+ levels and since then it has been consolidating between 2000-2200 level. Our reliable target for Reliance is 2500. Much higher targets like 5000+ …
Reliance Industries (RIL) Stock Analysis-18Aug2021 Read More »
Hello Folks, the #SP500 futures are at 3323 currently. Today’s 60 point knee jerk correction has come due to President Trump testing covid+ and this risk may remain for next 2-3 weeks till he recovers. With best possible medical treatment, he is very likely to recover fully. The markets were just rebuilding their base after …
Nasdaq100 futures showed some buying strength after a long time, after several days. However, the weakness is strongly visible in the daily chart above, and prices can still go lower to test 10,500 level in the remaining days of September month. Technical analysis is showing 11,400 as a likely target for any real upmove in …
The S&P500 futures had been in strong uptrend in August 2020, and they have been facing selling pressure ever since they hit a high of 3585 at the start of September. A correction was inevitable after such a sharp one-way rally. At today’s day low of 3217, the S&P500 futures were down more than 360 …
Hello Folks, please ignore any email received for the following signal: S&P 500 Futures signal 17/08/2020 (signal #27177). It’s an older signal from August and an email got sent, while the signal was being updated with trade closure data. Thanks.
S&P Biotech ETF (LABU) has been one of our best performing ETFs this year. The recent correction in S&P500 and Nasdaq100 indices has impacted LABU too. It was a strong short-term buy today between 40-43 for target 46-49, where selling pressure will come again. We should get 47-48 levels, which would give about 15% gain …
Crude Oil Futures (WTI) are currently at $43.20 per barrel. Crude Oil Futures have been moving up in a slow and steady uptrend. The uptrend is strong, and has been absorbing every selling pressure, without breaking downside support levels. And the slow progress is setting up the stage for a big sharp upmove at some …