S&P Biotech ETF (LABU) Analysis – 18Aug2021

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 is visible from current price.