0A43 trade ideas
Two bearish flags?Not sure if the second one has enough data to form a bearish flag yet but definitely a bearish flag on volume gonna drop to below 12
We are heading down to the 200 EMA (low $16s) on the 4hr chartI expect a trend reversal once we hit the 200 EMA (golden line on bottom) with a slow climb back up. I am labeling this as a Long because it is bearish only for short term. The Stoch RSI has more room to move towards the oversold side but it should not be for more than a day, two max. I expect us to reverse trend from there and move on up with resistance close to $18, $18.90, and finally mid $19s. A close above mid $19s will be really good for long term. I have buys set at $16.30, $16, and $15.80 range. This is not financial advice. Just my opinion based on my analysis of the charts.
$INO - Same chart I published on Jun22, now with few updatesCareful here.
Attention to the trend-line below with positive slope.
Stock price is near the point of control (14.1$)
Not for any advise
Just an Idea,
INO is sitting right at support. Great entry w/ 50% upsideINO is sitting right at support. Excellent entry point with at least 50% upside min in the short term.
My target is 24.36 --- let's do this!!!
INO UpdateThese types of stocks really just irritate me lol... clearly we are going to the upside, but the market is just so stalled and dragging out harmonic after harmonic... lower prices.. but eventually the spark will ignite.
Here are the harmonics for today- and explain the lower prices.. supports and possible bounces at 18.68-18.39- and 17.60.
Keep in mind the primary shark formation has completed, but they can wander downward to confirm the points.. I personally feel 17.60 is a bit low.. but you never know... These harmonics show up much clearer on shorter time frames. Ill remain in my positions.. because when this reverses it will be too fast to respond.. If we reject on these bullish harmonics.. be sure to have your stops set where u feel comfortable.
INO 8-9-2020 UpdateFresh new chart for INO on Monday. I removed some of the clutter. Recall we are in the consolidation zone from the last chart (see link below). Most of the calls have been spot on. There have been some minor changes from last chart as we are in a very BUSY harmonic stage right now.. and whenever that occurs there is usually potential for gains. These patterns throw us off balance. I have to admit even I was a bit confused at Friday's lack of movement...but I think there was a reason for that.
I am noticing we had a very weak move down and this exposed the Bearish Shark which is the primary formation since the failed crab back in late June (both very bearish signals t o pay attention to). So long term, we can see some strong potential to the downside (as the theme), but I feel we will have some intermediate moves to the upside - allowing traders to put their guard down, before the shark attacks. If you are not comfortable trading- be careful with this one. Set your stops.
Yes we could see downward potential well before the signals here, but there are some minor gains to be made esp if Monday opens up positive.
Gann lines appear to support this as well.. so lets see what develops!
In summary:
Short term- Long
Long term- Short
CHEERS WOLFPACK!
$INO Inovio Pharma a Ricky hold into earnings
Stock is sitting at a very critical level as earnings approach.
A drop below $19.00 could see a sharp drop to the Fibonacci Golden pocket at $16.00 or to the POC (redline) @ $13.87
Risky hold into earnings
Inovio Pharmaceuticals, Inc. is a late-stage biotechnology company. It engages in the discovery, development, and commercialization of DNA-based immunotherapies and vaccines. The firm's drug candidates include SynCon immunotherapies which helps break the immune system’s tolerance of cancerous cells; and CELLECTRA delivery system which facilitates optimized cellular uptake of the SynCon immunotherapies. The company was founded by David B. Weiner on June 29, 1983 and is headquartered in Plymouth Meeting, PA.
INO: Potential head and shoulders spottedINO forming what seems to be a head and shoulders. Here is why I'm neutral on this:
Even though, Head and Shoulders is spotted, it has not break below the neckline for downward momentum. If it bounces off the neckline and breaks out of the descending trendline, then a downtrend would be invalidated and bulls would take over for that scenario. Be on the look out for a break below the neckline or a break above the descending trendline.
Possible Milk and Honey with Covid INOOther Covid players are occupying the spotlight...
However, INO chart analysis looks promising! Including:
1) Double bottom has occurred, as indicated by the bubbles
2) Stock price did not give up 23June2020 gains
3) Stochastic indicator shows an uptrend
4) Consolidation volume in play; pay-tience pays here
5) Nice wedge formation, looking for possible breakout
Solid green line shows $19.35 is solid support, it's retested here several times.
The strategy:
Buy the dip - $20.55 - only if stochastic supports a buy here, bull volume exceeds current trend
Stop Loss 18.65 - allowing the stock's volatility to move north and south before a compelling move
Target Sell #1 - 27.00 31.38% winner!
Target Sell #2 - $31.70 54.25% Winner!
!!BEWARE THOUGH, IF $MRNA PHASES AND FDA APPROVALS ARE IN TOW, THESE COVID PLAYERS MAY START TO DRY UP!!!
*Let's see what happens*
DISCLAIMER - I am not a professional trader. These are merely my thoughts and possible moves; i enjoy watching these stocks validate my process or slap me across the face lol. If you are in need of professional assistance with your trades, don't look here. I am not that guy.
INO Micro Harmonics UPDATEUPDATE... so we have seen several harmonics play out.
Yesterday I posted a early level chart, but it paid off in its moves greatly. Today I was expecting a bearish engulfing candle- and we got that... today has been more about patience. The bearish shark (mentioned yesterday and in red) leads us to a forming shark (yellow). Today we will want to watch this bearish candle get to 19.45 to 19.84 before we see a quick move back up to a avg target of 22.40 (#1). This is our first leg of profits... then we will get the consolidation and possible fake out to the downside.
Its not all gravy- we could actually fail (that area is shown)... so don't sit in this thinking it will go up and the price action keeps falling thru this area. INO has shown us what a failed Crab formation looks like... so I do respect it.
However if price action plays back to the upside we will want to set up around 20.35 and targeting 24.00 for a nice 18% gain. For the real traders with the guts- we will wish to hold on until 26.50 (30% gain) if we see the bullish bounce off the bearish crab. This will take us to 26.50 before we see pull backs.
Forgive the late update- its difficult to do these and trade at the same time lol.. and this mornings candle was fast.. and has played some games... but I think we can come down further.
Note:
These embedded micro harmonics are only developing the moves for the first leg of a MACRO harmonic (if you zoom out). Yes its extremely early to call the MACRO, but seeing how all of the awakening started on a bullish crab that we are still riding... we have good probability of going upside. Just will take time. As things develop I will re-update. Sorry for the clutter.. tried to remove as much as possible.
But looks like we are on track now :) CHEERS!
WOLFPACK!
LONG - Strong trend on the 4 hour with great support. Great buying opportunity, with a excellent chance to break out of bull flag. A conservative trader would wait for the breakout, but I like the setup now near fib line.
Give me your thoughts
Bullish if stays in ChannelBeen watching this chart for 2 weeks now and finally testing support upwards channel which should happen within couple weeks. If hold great entry position to move to its resistance Trendline.
Not Financial Adviser Bla Bla ...but like if you Agree Thanks!
INO-re-awakening? Looks like we have finally reached the bottom of INO . After a stop to the upside weeks ago.. it dumped hard.. and now seems it could be waking back up to some more upside potential. SHorting was very profitable on INO .. but this may be the time to get back in... to those who lost a bit- now you may be able to get it back. This will be a long play.. so just relax and wait for it.
INO_BuyINO looks like it had healthy profit-taking before earnings to have another go, earnings may be looking more forward with new COVID vaccine pipelines.
INOVIO (INO) to retest $8mostly retail interest in this company that has no approved vaccines to date.
