From the Watchlist. IBRX. Might be a mover.IBRX somehow doesn't give much chart data from trading view, but it could possibly be entering a post-correction phase.
It has been on my watchlist and it looks like it could have some ideas about the direction it wants to go.
I see three possible scenarios:
- 1) buyers begin to notice the stock and it goes up like a frickin rocket. (best)
- 2) buyers don't really notice it, it and our current rally gets sold into. We see more consolidation, possibly missing the rally that breaks out the trend. (cautious)
- 3) This is a false rally, the company is failing. Price falls to 13, maybe 10. (worst)
The reversal pattern it put in, to me, is a very legitimate one I see a double bottom and a higher high. That's like rice and beans, you can probably live off of it. Everything I know is telling me to buy, but as I am fairly new to stocks, it's the things I don't know that are keeping me out at the moment.
But, that wedge does make me think of cheese. This game is fun. It's like spy vs spy. Hard to tell if I'm setting the mousetrap, or if I am the mouse. But, darn it if it isn't a little exciting.
