Chart of The Week: Nasdaq Biotech ETF IBB

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 THE CHART OF THE WEEK: NASDAQ BIOTECH ETF – IBB

The Nasdaq Biotech ETF – IBB has broken out just this week after a month-long period of consolidation. If you have been reading this column regularly then you know we have been bullish on the biotech sector since the start of the year. For now, there appears to be some consolidation occur around the $343 technical resistance. Ultimately it seems likely that resistance level will be surpassed. You can watch the video below to get a complete breakdown and analysis.



ibb by Scorpio244 on TradingView.com

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IBB Chart

IBB data by YCharts