Re: Td Ameritrade
XBI has been showing weakness of late and with it other small cap developing Bios. have been weak, not all but many I follow. Look at 1 yr. daily chart of XBI. A series of lower highs since Feb. high. Has failed to get thru 140 two times and recently failed the 136 area. Perhaps the XBI weakness has something to do with the TD note about INSM ? We will see but so far acting like XBI's bottom of channel is around 118 ish. The past 7 - 10 days XBI acting like it wants to base around the 127 to 137 area. Maybe if XBI can break and hold the 140 area, TD may change INSM rating ? IMO if you are in small cap developing Bios. pay attention to 118 on XBI, is going to be important for all small cap developing Bios. A break of 118 on XBI could send XBI to 110 to 105.
If looking at retracement supports from March 2020 low to Feb. 2021 high.
XBI Supports = 132 - 118.5 - 105.
So from 2 yr. chart XBI been holding that middle support area. Not hateful from longer term perspective.
IMO should always pay attention to multiple charting time frames for Indices and stocks.
News will always trump charts. Perhaps if INSM gave more clarity about recent venture that could get it to break away from general XBI trend ?