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Long

Another bull flag?

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.
flapbreaker
3 years ago
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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flapbreaker
3 years ago
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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