INO trade ideas
[INO] Technically Oversold but Coronavirus Stocks are VolatileINO's narrow, steep channel makes no sense, it'll break below channel line and correct into new downward channel likely falling along with overall market in June.
Avg. cost: $7.28
Sold 20% at $11.63 (~50% profit mark), 20% at $13.30 (~100% profit mark) and 20% at $16.09 today (rough peak estimate). Will hold the remaining 40% just cuz who knows if some trial or study or funding announcement drops but I do expect it to fall back down and would love a chance to re-up here around $10. Even POC (white line) of $13 is probably still a bit overpriced. Dripping in FOMO here.
INO looking good to breakoutMomentum looking to be in good uptrend. Once it breaks then good days ahead
Welcome to secular bear market with multiple bull markets!A secular bear market consists of smaller bull markets and larger bear markets; a secular bull market consists of larger bull markets and smaller bear markets. In a secular bull market the prevailing trend is "bullish" or upward-moving.
en.wikipedia.org
WAIT TILL PRICE REVERSES FROM PRZINO WILL BE DOWN TILL 10.00-10.50 RANGE IF ITS TAKES SUPPORT THERE AND TRADES ABOVE PRZ TGT 15 AND 16
INO on an UptrendWe are seeing an uptrend of this stock and it could be heading to a higher level of support around the price of $11.44. The previous support was at $10.00. Setting the risk/reward with a 5% risk, we can see a 5% drop from the entry price of $11.44 to be at $10.87, which is a month ago. The Stoch RSI is showing the stock to be quite oversold so it is less probable that the price would fall further. Furthermore, with news of their COVID-19 vaccine, there is potential for this stock to rise. In the short term, the target price is the resistance at $15.
INO ready for new highI have taken a long position in INO here.
INO is in human trials for covid-19 vaccine with safety results expected in late June. Multiple possible catalyst including further funding. NVAX just received $388 million from CEPI and with INO being one of the few in human trials for covid-19 vaccine already, further funding for INO is likely as well.
This is not a recommendation to buy.
This is not financial advice.
Formation of ascending triangle, next stop $15?Ascending triangle forming up on Daily, bounce from 50-day moving average while forming a hammer. Looks like we are heading back to $15-16 zone.
What do you think about this idea? Leave your comments below.
Have a great weekend!
Disclaimer: This is not a financial advise. Please make your independent decisions while making an investment.
INO Covid-19 VaccineHello,
What is INO?
Inovio Pharmaceuticals (NASDAQ: INO) is an American biotechnology company focused on the discovery, development, and commercialization of synthetic DNA products for treating cancers and infectious diseases.
News
Inovio is partnering with the International Vaccine Institute and Seoul National University Hospital to run a phase 1/2 clinical trial of Inovio's COVID-19 vaccine INO-4800 in South Korea. The study, which is scheduled to begin later this month, will start with 40 participants and then expand into an additional 120 participants. For more information, click the link above.
My Thoughts For You
Currently, the price is sitting on weekly support on the daily timeframe and looks to be holding so far. I expect to see this area tested a few times on the 4hr TF and if it holds then we can expect a move up towards the target area to test upper resistance and possibly blow past resistance. If this area does not hold then I expect to see a move down testing other support areas.
Good Luck, Cheers!
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INO INO INOIno again falling :).
lost its short term uptrend and heading towards long term trend.
The good news is : its still in the uptrend !
Buying will begin in around 10.40 zone, whee trend-line is.
If that fails next support is at 9.60
Good luck !
PS
Besides quick trades I don't hold position in INO
INO short term shortBreaking below support looking to go to bottom of channel. May go up to 12.71 area or "fall over" under the support turned resistance. I will open a new position around diagonal support line (not financial advice)
INO ShortStrong resistance around 15, will bounce down at least temporarily, till next support at 14.
RSI level is also above 80 in 30 minutes time-frame as well. No fundamental news to back up this sheer increase in a day!
INO more chart dataDepending channel, typically bullish, but will likely head further south. May not be all the way to the diagonal support line. We shall see.
INO inverse H&S heading to diagonal resistance LONGInverse H&S heading into diagonal resistance that has been tested four times previously. I've been holding this as a value play, but it seems as if technically-speaking, it will break out soon. Obviously, pay attention to the markets as a whole, don't bet the farm on it ;-p. Not financial advice.
$INO - Set Up Nicely for Fresh HighsEarnings and brief annual shareholder call this past week was upbeat and confident on all fronts including INO-4800 for covid 19 and INO-5401 for GBM (brain cancer). $270 million in cash on hand with an $85 million annual burn rate. CEO commented that costs to develop and manufacture INO-4800 would not fall on company but come from outside sources. Lots of money out there whether from US govt (BARDA, NIH or Operation Warp Speed), CEPI OR GAVI, or Bill and Melinda Gates Foundation. Announcement of these funds will take $INO into 20s and chart supports this as stock heads towards the top of the channel in the next two weeks.
INO retesting diagonal resistance Feast or famine. Higher highs and lows from previous high. Retest of lower diagonal is possible, Monday will let us know which way she will go first.
