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.
with recent organization changes, patent fillings and enough cash runway for at least 12 month, the upside opportunity could be very lucrative in IBIO. the risk of stock split and issuing new shares is probable and huge, yet, 152% return is an upside for that type of risk.
IBIO is showing some consolidation. Recently stock is up a a decent volume. looking at a longer time frame chart : double bottom patter - showing strong support line, defined risk level. cup with hand formation is a very statistically strong consolidation pattern. for the target price i would use 26.8% Fabonacci retracement level and 38.2% retracement level. AMEX:IBIO
IBIO price is currently touching neckline of the Head and shoulders pattern. In addition to this we can see a bearish EMA crossover has recently occurred. I expect to see a break in the neckline followed by a significant drop in price.
INO is extreme risk, with extreme upside or downside
$IBIO Target 1.91 for 21.66% Or next add level is at 1.23 Good fun!! Sold at 2.19 two days ago and back in at 1.57... let's go!! — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I start every position with 1% of my account and build from there as needed and as...
Target HIT in 86 days for 20.33% Good Game Damn... another trade that took SO LONG... haha... It's ok... A win is a win, but this market is crazy bearish. Good Game... I'll be back when this calms down again...
$IBIO Target 2.33 for 18.88% Please only trade my set ups at your own risk. I am not your financial advisor.
price target for me the black line!
we have broke out the rsi this time and we are positive trend! also broke out 50 20 10 MA huge sort covering coming! above 2$ 100%
Multiple large volume purchases throughout 2020, both over 250 million. Using trend lines to measure potential next move. Positive earnings in March or a news catalyst before then will do it. Watch the candles move up through the red cloud and test one of the white resistance lines. Size of next volume spike will determine the size of the move. Good luck if you...
Connect 3 RSI pts, the break is an early indication of trend reversal