IBIO biotechnology pennystock completes retracement LONGIBIO 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.
IBIO
IBIO new opportunity on a horizon ( before another stock split )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 consolidation and short-long term swing opportunityIBIO 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
BACK IN $IBIO @ 1.57 Target 1.91 for 21.66% $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!!
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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 possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
Stock Play: IBIOMultiple 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 play! Not basing off company fundamentals, only stock price.
iBio September trend? Likely highly possible! - IBIO-201 Demonstrates Ability to Elicit anti-SARS-CoV-2 Immune Response in Preclinical Studies -
August 10, 2020 07:15 ET | Source: iBio, Inc.
NEW YORK, Aug. 10, 2020 (GLOBE NEWSWIRE) -- iBio, Inc. (NYSE AMERICAN:IBIO) (“iBio” or the “Company”), a biotechnology corporation and biologics contract manufacturing organization, today provided an update on one of its proprietary vaccine candidates being designed to prevent infection from the SARS-CoV-2 virus. iBio is investigating an array of adjuvants in combination with iBio’s proprietary lichenase carrier molecule (“LicKMTM”) fused to a coronavirus subunit protein (“IBIO-201”) with the goal of producing a safe and effective vaccine for COVID-19 disease, and especially one for our most vulnerable populations, including the elderly.
Ten distinct preclinical study arms for the IBIO-201 antigen-adjuvant combinations have been concluded. These include combinations delivered via intramuscular and intranasal routes, and datasets are under evaluation.
Anti-SARS-CoV-2 spike titers to IBIO-201were observed 21 days after immunization. Titers continued to increase over the 42-day study. Distinct, favorable Th1 and Th2 immune profiles were observed.
Early functional testing of mouse antisera from IBIO-201 immunized mice demonstrates the presence of antibodies that interfere with the binding of SARS-CoV-2 spike protein sequences to human ACE2 in ex vivo assays. iBio plans to conduct additional testing of IBIO-201 antisera, including further evaluations of neutralizing titers in multiple assay formats. In addition, significant immune profiling studies are ongoing to evaluate safety and immune protection correlates, including antigen-specific T cell responses and memory B cell testing. The additional testing for both IBIO-201 and IBIO-200 is occurring in collaboration with the Texas A&M University System (“TAMUS”) laboratories.
“We are encouraged by these pre-clinical data, which demonstrate IBIO-201’s ability to generate an immune response to SARS-CoV-2 sequences and neutralize protein interaction,” said Tom Isett, Chairman & CEO of iBio. “We expect to gain more insight as we complete data analysis of both of our COVID-19 vaccine candidates.”
About iBio’s COVID-19 Vaccine Development Programs
On March 11, 2020, the Company filed four provisional patent applications with the U.S. Patent and Trademark Office in support of its COVID-19 vaccine platforms. The virus-like particle (“VLP”) program (“IBIO-200”) was subsequently announced on March 18, 2020. The LicKM-Subunit program (“IBIO-201”) was announced on June 3, 2020. If the program(s) move into clinical trials, iBio has the capability to rapidly develop and manufacture at clinical and commercial scales in its 130,000 square foot facility in Bryan, Texas. Originally built in 2010 with funding from the U.S. Defense Advanced Research Projects Agency , iBio’s FastPharming Facility® was part of the “Blue Angel” initiative to establish factories capable of rapid delivery of medical countermeasures in response to a disease pandemic.
Source: www.globenewswire.com