Wow, what a rise in the past few days. Almost up 50%.Probably...

Wow, what a rise in the past few days. Almost up 50%.

Probably because of the XBI, NBI, IBB all bottoming out and holding up against the downtrends of the Dow, S&P, NDQ.

Quite a run, it’s now above the EMA50 and way outside the Bollinger bands. Don’t be too shocked if it falls back into red for a few days, as long as it stays above $1.8 it’s fine. It just made a higher high for the first time in a year.

Buyback sure to make some stock headlines, 50% up in a few days with constant interest rate rises, recession looming, an environment where cash is king.

I was one of the many sellers cashing out for tax loss, pretty disappointed offloading now. Good luck everyone. Let’s see how many days it stays above the EMA50 this time, sitting at $1.95.