INBS pumped on earnings crush= Watching for LONG maybe

BATS:INBS   Intelligent Bio Solutions Inc.
INBS crush earnings and went parabolic on an earnings beat. Basically, revenues fell but with

belt-tightening and good CEO actions it bled less cash than expected. The tourniquet is

working. The post-earnings pump was followed by a flush to the mid-Fib 0.5 support. Trader's

got their reward and called it a weekend before lunch. The chop index fell into the

consolidation zone and the MACD turned bearish. See the 5 minute chart image inserted to

the left. The RSI lines are about 50 maybe with a crossdown impending. I have this on watch

for a reversal up. Much will depend on general market strength on Monday. Biotechnology

is projected as a hot sector now. This stock was among the hottest of the day. Hoping for

a bullish continuation knowing that a trend down is likewise possible.

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