SPY is approaching some trend line around the 3500 level. There is negative divergence with the price of SPY and the MACD. Will it pull back to around 320s-330s or more? Expecting more volatility.
If you have viewed my posts about IBIO , you would have witness the long term yellow line cutting through the 1.6-1.8 price point. Either this drop is to retest the long term channel or ... well... good luck to those that still believe in the company. I like the innovative company and the CEO's track record and was invested since $0.3. I really appreciate the...
In my previous idea, i stated that IBIO would consolidate around mid 4 area until next breakout but it was not how it ended. With Russian news and insider dumping, IBIO went back all the way to its breakout point. Currently, it is touching the trend drawn all the way from the beginning of the year that connects two breakout point (green line, breakout points are...
every gap up pump on IBIO retraces back to 0.786 level. Today it touched the 0.786 level at around $4 after its last pump. Assuming similar pattern to form, the stock price will stabilize around the mid 4 waiting for another leg up. Also, this ticker is long overdue for a PR. the RSI has cooled down significantly from its run from 2.5 and still in the bullish area.
This is my prediction for the future of Dow Jones, I am pretty new to this so appreciate your feedback
I believe that we have high probability of not retesting the March low since we have already passed the 0.786 fib level during the rally. I think it will drop towards around 21000-23000 area before its slow recovery within the channel shown by the yellow arrow
