We are seeing an uptrend of this stock and it could be heading to a higher level of support around the price of $11.44. The previous support was at $10.00. Setting the risk/reward with a 5% risk, we can see a 5% drop from the entry price of $11.44 to be at $10.87, which is a month ago. The Stoch RSI is showing the stock to be quite oversold so it is less probable...
I have taken a long position in INO here.
INO is in human trials for covid-19 vaccine with safety results expected in late June. Multiple possible catalyst including further funding. NVAX just received $388 million from CEPI and with INO being one of the few in human trials for covid-19 vaccine already, further funding for INO is likely as well.
This is not a...
Ascending triangle forming up on Daily, bounce from 50-day moving average while forming a hammer. Looks like we are heading back to $15-16 zone.
What do you think about this idea? Leave your comments below.
Have a great weekend!
Disclaimer: This is not a financial advise. Please make your independent decisions while making an investment.
Hello,
What is INO?
Inovio Pharmaceuticals (NASDAQ: INO) is an American biotechnology company focused on the discovery, development, and commercialization of synthetic DNA products for treating cancers and infectious diseases.
News
Inovio is partnering with the International Vaccine Institute and Seoul National University Hospital to run a phase 1/2...
Ino again falling :).
lost its short term uptrend and heading towards long term trend.
The good news is : its still in the uptrend !
Buying will begin in around 10.40 zone, whee trend-line is.
If that fails next support is at 9.60
Good luck !
PS
Besides quick trades I don't hold position in INO
Breaking below support looking to go to bottom of channel. May go up to 12.71 area or "fall over" under the support turned resistance. I will open a new position around diagonal support line (not financial advice)
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!
Inverse H&S heading into diagonal resistance that has been tested four times previously. I've been holding this as a value play, but it seems as if technically-speaking, it will break out soon. Obviously, pay attention to the markets as a whole, don't bet the farm on it ;-p. Not financial advice.
Earnings and brief annual shareholder call this past week was upbeat and confident on all fronts including INO-4800 for covid 19 and INO-5401 for GBM (brain cancer). $270 million in cash on hand with an $85 million annual burn rate. CEO commented that costs to develop and manufacture INO-4800 would not fall on company but come from outside sources. Lots of money...
In my previous TA, i outlined the potential movement, so far its been looking good. Will it break 16.50 resistance and go to 20, or will it pull back to 14s area after it hits the resistance line?
Next 45 days packed with potential catalysts -
Friday ASCO poster with REGN regarding 2nd Cohort 85% 12 Month OS, Glioblastoma GBM
Results from COVID animal challenge data on ferrets and monkeys, (mice and guinea pigs published last week),
CEPI funding announcement, WHO, GATTES?
COVID PHII announcements in Korea and China,
FDA Approval PHII U.S.,
Inclusion in...
