In my previous idea, i stated that IBIO would consolidate around mid 4 area until next breakout but it was not how it ended. With Russian news and insider dumping, IBIO went back all the way to its breakout point. Currently, it is touching the trend drawn all the way from the beginning of the year that connects two breakout point (green line, breakout points are drawn in blue). Is it ready for a run?
If it runs, i expect PT of 17-18 then retracement. retracement levels shown on figure (10 dollar, worst case scenario $6-7)
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it is getting sketchy, really need something solid to get back
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this ticker is loosing all of its impulsive upward moves when it touches support that i have witness for pass few months, without news, this might look very bad.
Looks like a double bottom? with all the tutes loading this. I don’t see this just disappearing. Lots more money to be made if they drive up the price and rinse repeat. Pure manipulation
jordanadriano
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@NeoKlyptic, at this point, i have no idea what this is going to do man, just pure madness
eenzamebelegger
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Literally praying your analysis is correct, pray brother. I hope we get some news before august ends.
jordanadriano
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@eenzamebelegger yea. I hope so as well. Ta can only help so much. Getting nervous as well
NeoKlyptic
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Lots of fear right now on this stock. You think we're still on target? shit keeps going down
jordanadriano
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@NeoKlyptic yea this stock is in a free fall after the sell off have taken away all of its momentum. It really takes a positive pr to get everything back to track. Hopefully