This chart displays an inverse H&S, touches of the LS can be seen on 1.618, and the head touching on 2.618. We know this is a trend reversal pattern due to the MA currently acting as a support, contrary to the previous resistance line during the formation of the H&S. This is a weekly chart. Buy is warranted.
Entered a swing calls Friday morning. First take profit point is the upcoming dotted red line (13.00) and the second take profit line is 18.55. I believe the momentum of a 2nd surge and upcoming catalysts with the massive 14 million dark pool buy right before the close on Friday will make INO rise in the short to mid term.
stock chart analysis 3/9/20