Magnus_Chimpski

IN8bio's down turn should continue before a a pullback

Short
Magnus_Chimpski Updated   
NASDAQ:INAB   IN8bio, Inc.
IN8bio ssould continue it's downward spiraling channel play. Traded it a few times already.

Expect it to go down to the $5.20 - $5 for a reasonable enrty into a long position (back up to the top channel).

There is no social media buzz, the company seems relatively unknown.

Volume here is tiny, positions have to be small or you'll end up trapped. Risky play.

Might turn out to be a runner further in the future.
Comment:
I do believe we could be nearing a potential "bottom"...
Trade closed: target reached:
-13% to the downside, that'll do for now.
possibly pulling back and heading up north.
Will observe and make a move if the opportunity presents itself

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.