Its time to make a new entry in IBIO. Very oversold on every indicators. The price has a strong long term support around 0.35. It may rebound before test it, around 0.4. If price recovers and stays above 0.5, founding there a strong support, may initiate a recovery with 0.9 as price target.
Tons of shares were moved last weeks, mostly at prices far above actual pps. Not only wild speculation justifies those volumes and not all buyers "evacuated" their positions even with the following massive short attack, similar but not great in magnitude. Based on expected demand for antiviral treatment to stop ebola outbreaks, mainly in west african countries,...
Hard to catch up if you missed the first few moves, but 2-more moves may come if any new EBOLA victims is reported next few weeks, if not ride to the pavement. If you need a real time alerts www.2waytrading.com
LONG IBIO IF we brake balance extreme. Do it to it.
Long IBIO if we break the balance forming
this is so obvious: strong close at EOD and gap up monday as a pattern, chart:
Accumulation on the rise. 100 + 200 SMA crossed. Great long term potential.
Looks like the MACD is about to turn bullish and everything else is moving in her direction except the main trend of down... She has been moving more side ways and if she breaks the 0 trend line down with volume, she will pop back up to 1.4 and form a cup/pan in the process... that is that the crystal ball says at least... starter position of 5k shares at .56
If 200 SMA breaks (worst case scenario), look for support at $.41
Look for support at 200 SMA (black). May be able to make a long-term run if supports hold.
Breaking all sorts of resistances. May threaten $.65 this week or next.