TradersForecast

LABU target price based on pitchfork analysis

Long
AMEX:LABU   Direxion Daily S&P Biotech Bull 3X Shares
Two pitchfork lines (one with dashed lines and one with sold lines) neatly matched their bottom lines. The price (approximately) reached that level 5 times. Further, the solid's middle red line matches pretty well the dashed pitchfork top lines. All these makes for a more confident prediction(s). The first is that the price will reach above 14 (the top dashed line), as marked. That would be above 75% increase from current price. At that point the price may or may not temporarily fall back after which I expect to continue up reaching above 22 (the marked top solid pitchfork line). That's over 175% profit.

I have been long on LABU since 6.47 (as posted elsewhere).

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