IBIO popped 3x March 26-28 and then retraced into a standard Fib level above which it
has consolidated. The RSI lines are near to the 50 level and volumes are low. I can see where
IBIO could go higher if interest and buying volumes rise. I will watch this for the same. Having
profited heavily on the prior move, I would be happy to re-enter a long trade on IBIO.
with recent organization changes, patent fillings and enough cash runway for at least 12 month, the upside opportunity could be very lucrative in IBIO.
the risk of stock split and issuing new shares is probable and huge, yet, 152% return is an upside for that type of risk.
IBIO is showing some consolidation. Recently stock is up a a decent volume.
looking at a longer time frame chart : double bottom patter - showing strong support line, defined risk level.
cup with hand formation is a very statistically strong consolidation pattern.
for the target price i would use 26.8% Fabonacci retracement level and 38.2% retracement level. AMEX:IBIO
The stock wants to get out of a slump. It needs to overcome two resistances of 0.97 and 1.2 in order to move. Upside: 25% 53% 65%
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this one has a gap down below at 35 cents or so
just so happens that lines up pretty well with the 95% sell off area
an easy setup for those that want to take the risk
good luck and happy trading
Rigo
IBIO price is currently touching neckline of the Head and shoulders pattern. In addition to this we can see a bearish EMA crossover has recently occurred. I expect to see a break in the neckline followed by a significant drop in price.
IBIO is one of those stocks that does not look that great on the historical charts, but it does look great on paper. Based on what can be found online, they appear to have tons of value and the potential to boom in the upcoming years due to their concept of FastPharming. I look forward to seeing what they have in store for the future with their pending product...
$IBIO Target 1.91 for 21.66%
Or next add level is at 1.23
Good fun!! Sold at 2.19 two days ago and back in at 1.57... let's go!!
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as...
Target HIT in 86 days for 20.33% Good Game
Damn... another trade that took SO LONG... haha... It's ok... A win is a win, but this market is crazy bearish.
Good Game... I'll be back when this calms down again...
$IBIO Target 2.20 for 20.22%
Or next add level is at 1.46
Anywhere here is a good place to add... or start a new position if you don't have one yet. I will add soon, but for now the target remains 2.20
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start...
$IBIO Target 2.33 for 18.88%
Or next add level is at 1.59
Target has not changed
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately...
the small cap market really took a beating the previous weeks, IBIO broke the previous trend and seems to have bounced on lhe lower one. that's a good confirmation to get in.
the stock is almost back to where i bought it, we are getting very close to the trendline. if it goes through i will sell it and wait for it to hit the lower trendline, if it bounces i will probably buy more
