2use

INOvio in a good position to go higher up, but in a lock atm

AMEX:INO   None
There is an interesting lock the stock is in now. It is in-between several key lines and the following days could tell the short-term future of the stock. for now it has been keeping itself on top of 2.50 as it is a key level.

Several points lead to a higher position from here.
- Major point: DMI, MACD , RSI , Stoch and Acc/Dist show potential up side from these levels, though it may dip lower before that as MACD , Dist, and Rsi have some room to dip to the lowest part of the range
- The price bounced a bit from an area that is within the lowest range of the up-trending channel .
- Wave counting gives a hint that it is either in the last wave still or ready to change the trend and get into a new wave count, with first one leading higher.
- Price bounced off a strong support level several times in all the past sessions
- Price seems to keep within the 150 DMA

There are several indicators of a possibility of going lower:
- The recent trading volume is weak, indicating not enough steam to push it through the recent down trend
- A series of lower highs within the day view coupled with the first negative point shows the mood is for going lower.
- Dipping lower 200 DMA may lead to a spill, next resistance at ~2.00
- Given the low volume , it is more probably the price will go down to 2.00 and decide its further action from there. It will still be attractive up to earnings at the price between 2-2.50
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out