Direxion Daily S&P Biotech Bear 3X Shares (LABD)

On daily chart, LABD is trading in an uptrend, and by Friday’s session, LABD has broken major resistance that lies on 29.19$, and the confirmation of that breakout, will trigger LABD witness further rises near to 31.72 – 34.20 – 41.40 – 42.71 om short term basis.
Stop loss will lies below 25.66$(last bottom).
And we noticed that, the indicators heading towards positive side, which confirm the positive scenario mention above.