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Long

Another bull flag?

AMEX:INO   None
62 2 0
Looks like another bull flag is forming right around the 75% fib line... I like the consolidation and low volume ... and the catalysts ( PR             ) coming up. $INO likes to gap up which always has been filled... I would prefer today it to stay in formation in the flag and run up the channel gracefully and build MoMo to break through the resistance above with force. If I was a betting man I for see the MM will make a flash flush to 2.25ish and then it runs. Beyond that it looks like the handle would be broken and the next stop would be sub 2's.
Looks like the cup and handle theory is not in play now. Wonder if it will test the 50 day ma?
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I hope your right about the cup and handle and I hope were done with the sub $2's but you never know.
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