Biotech LABD, Verifies Trend

11:02 a.m., EST

Trend is down for SPBIO. Up for inverse, LABD

Daily chart of LABD, below:

As long as yesterday’s low (24.19) holds, LABD’s on track for a sustained move higher.

Currently, the right side trendline contacts are four in succession.

Price action’s still holding to the forecast in this report … but it’s really putting the right side trend to the test.

Charts by StockCharts

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