IBB – iShares NASDAQ Biotechnology ETF

This is a 5 year monthly candlestick chart for the IBB. With its long-term MACD Histogram showing selling momentum still, the IBB appears poised to re-test its $80 support area. At a minimum, the IBB appears poised to re-test its low of $89.01 from 2 weeks ago.

I should probably make sure that the IBB chart looks good when I am thinking about purchasing shares of BHC.