Bearish MACD

The chart shows biotech XBI, struggling at resistance (blue line).

At the same time, we have a bearish divergence on MACD.

Taking a look at the components of XBI, link here, seven of those in the top ten, have no P/E at all (not advice, not a recommendation).

What could go wrong?

Stay Tuned

Charts by StockCharts

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The Danger Point®, trade mark: No. 6,505,279