***Remember I'm not a professional analytic, this whole idea is based on my knowledge and opinion. ***
This is only my Idea, don't buy or sell because of my idea. Do your own research in the company before deciding either buy or sell at your own risk.
IBIO have a Bullish progress chart in the 30 min view, but right now is in consolidation. Stock price did a huge jump and I think that is the main reason of why the stock dropped from $2.80s to $1.80s. If you look on the ladder pattern in the last week is showing a bull sign of moving north. I haven’t read information about what is going on in the company, but the chart doesn’t look bad. I see a bull flag in this chart also, in my personal opinion if the stock keep moving in that ladder pattern it can reach again the $2.80s and probably move higher, if not it will keep moving in the sideways pattern.
Good luck to everybody and posts your opinion here also, they are welcome. Thank you.
This is only my Idea, don't buy or sell because of my idea. Do your own research in the company before deciding either buy or sell at your own risk.
IBIO have a Bullish progress chart in the 30 min view, but right now is in consolidation. Stock price did a huge jump and I think that is the main reason of why the stock dropped from $2.80s to $1.80s. If you look on the ladder pattern in the last week is showing a bull sign of moving north. I haven’t read information about what is going on in the company, but the chart doesn’t look bad. I see a bull flag in this chart also, in my personal opinion if the stock keep moving in that ladder pattern it can reach again the $2.80s and probably move higher, if not it will keep moving in the sideways pattern.
Good luck to everybody and posts your opinion here also, they are welcome. Thank you.
Trade closed manually