IBIO biotechnology pennystock completes retracement LONG
Updated
IBIO popped 3x March 26-28 and then retraced into a standard Fib level above which it
has consolidated. The RSI lines are near to the 50 level and volumes are low. I can see where
IBIO could go higher if interest and buying volumes rise. I will watch this for the same. Having
profited heavily on the prior move, I would be happy to re-enter a long trade on IBIO.
has consolidated. The RSI lines are near to the 50 level and volumes are low. I can see where
IBIO could go higher if interest and buying volumes rise. I will watch this for the same. Having
profited heavily on the prior move, I would be happy to re-enter a long trade on IBIO.
Trade active
IBIO re-entry taken in premarket. Looking good. Stop loss raised to a trailing 5%.Profitable trade already. Targeting 4.0 and 4.7 now.
Trade active
IBIO in the past two weeks averaging about 2.5% per day still waiting for a reversalfull position and all profit unrealized.
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