After the increase over the last 2weeks because of their HPV vaccine INO now forms lower highs and higher lows. while the MACD just crossed over the triggerline and RSI is relatively high (below 75 now but still high). i expect a short term decrease and a long term increase
will not call it overbought , but some correction is normal for a healthy uptrend in this stock , not to mention the whole bio sector ,staying long :D
kristof.polleunis
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And there is a noticable contraction of the bollinger bands too, so something different is about to happen we need to see where this is going to make the right conclusions
kristof.polleunis
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I checked it on the 4 hour chart and there the MACD signal has already been hit but is ready to reverse again. Also on the 4 hour chart the 20 day moving average has been hit but it bounced off and the RSI is at 64. So I'll watch the next 4 hours to see where this is going.