Inovio Pharma looks like ready to flip bullish

eriboz Updated   
BATS:INO   Inovio Pharmaceuticals, Inc
Earnings calls are always kinda of a gamble, but on grand/macro scale $INO looks ready to turn bullish (short to mid term)...
Maxx Momentum is signaling a squeeze on D1 and W charts (a squeeze can be in either direction), and KST just signaled a buy on both time frames as well. RSI on daily is a bit extended, while on weekly it sits comfy at the median line. Just looking at some pitchforks as well, the big channel from May low to June High and August Low is holding perfectly and should jump to the upwards.

On weekly we are riding 200 EMA and actively flirting with 21 and 25 EMA, trying to flip it over and turning to daily, we can see...

That we are just approaching 200 EMA, where we will try to re-claim it as support, with some help of previously mentioned lover EMAs.

While I am already long with entry at 8.80, I am looking to add to that long when and if we flip it over with 200 EMA as showed on the chart (flexible entry point around 10.50). I am using 2x lever on both.
Obviously if we get the flip, I am adjusting my lower entry SL to higher entries SL, so I cover my possible losses of higher entry with gains from lower entry, which makes this trade extremely low risk. But I do think we have a good chance of visiting 14USD golden zone per share, where I will be closely monitoring live price action, to see if taking partial profits is viable there. If we aggressively pierce through that level, that would be best possible scenario, but I would not be supprised with a V topping formation over there, in that case, RSI on 12h chart will help me address the question of how much partials should I take there and the size of runners towards 16 USD. This risk to rewards ratio is for the taking.

Have a great day everyone.

Trade active:
Open: 8:80
SL: 7.92
I should have taken partial profits on the local top. Was hesitating for too long.
Trade active:
Adding, new position open: 8.50
Trade closed manually:
Closing most positions, re-focusing back on cryptos.
Will get back into it after succesful breakout and retest of 10.30-10.80 area.


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