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beginner_chance
May 31, 2020 7:37 PM

INO Short Short

Inovio Pharmaceuticals, Inc.NASDAQ

Description

Strong resistance around 15, will bounce down at least temporarily, till next support at 14.

RSI level is also above 80 in 30 minutes time-frame as well. No fundamental news to back up this sheer increase in a day!

Comment

This is not going up for sometime, as Airlines rebound, and coronavirus fear's going down. Next support at 12.35 then 9.45
Comments
shehzaanb
to $17 soon?
tuongvy0501
Wouldnt touch this again unless it retract to range 10-12
DonnaSko
@tuongvy0501, I have lots of calls on this one. I appreciate your post. I'm going to sell, then wait for a chance to get back in.
beginner_chance
@DonnaSko, Depends on expiration cycle.. Remember the time decay if it is just call option.
Vertical spread/ Modified butterfly would be better to avoid time decay. Buy the expiration cycle until the next trials results but with the lockdown eased, don't expect it to skyrocket again unless they have the final product.
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