IBIO had a sudden rise and fall this past year. However, IBIO seems to perhaps be in the beginning of another bullish uptrend as positive news about IBIO's covid treatment was released this week. Within less than a month we can easily see IBIO hit 3.00, or even more. That would be just in time for earnings in March, which could possible act as a catalyst to...
IBIO = UPDATE of one of my biggest trades of 2020 .... let's say that at 1.5 $ I bought 10000 pieces ... let's see if the repetition is the move and the momentum that can at least bring us shortly to $ 3 ... if by chance he exceeded the $ 3 momentum on the news .. there are $ 7 already made last year .... Then ... then there is an incredible leap .... LET'S SEE...
iBio, Inc. is a biotechnology company, which engages in the development and manufacture of biotherapeutics. Its pipeline include idiopathic pulmonary fibrosis, systemic sclerosis, and scleroderma. The firm operates through the iBio, Inc. and iBio CDMO business segments. The company was founded by Robert B. Kay on April 15, 1993 and is headquartered in Bryan, TX.
Multiple large volume purchases throughout 2020, both over 250 million. Using trend lines to measure potential next move. Positive earnings in March or a news catalyst before then will do it. Watch the candles move up through the red cloud and test one of the white resistance lines. Size of next volume spike will determine the size of the move. Good luck if you...
Buy IBIO. Possible Breakout.
PT $1.89 - 2.5 best case scenario
A possible drop under 1.50 but should rebound.
*Indicators and Tools used*
-Zig Zag
-Pivots
-Vol
-MACD
-Super Trend V1.0
-Trend Line
-Triangle
-Date and Price Range
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