Nah, a breakout will happen on Wednesday after Dr. Kim rings the bell. He's already timed this event for the imminent breakout :)
Thank you! The formation is just too obvious to ignore. If you look at longer term of 5-year chart, there is also a cup and handle formation forming as well. SP will be at least $5.6 by the end of the year, and $7-8 is most likely :)
$2.6 for the triangle aka. flag continuation pattern
Next stop is breakout at $3 to complete cup and handle formation. Then we will be heading toward $4.2-$4.6 range.
Yeah I think Dr. Kim knows how the bio world works, so he's trying to partner up with as many big pharmas as he can, so pushing our drugs through approval becomes more feasible. Without the support of big pharmas, there's a high probability that we will see delayed approvals.
Anyone giving me thumbs down should be more realistic :)) I own INO shares myself, but the voice of retail investors like us won't change how politics are involved with these things at high level.
Getting bought out by big pharmas are quicker, but for FDA approval, I'm not sure :) The world out there is tough, big pharmas and politics will do everything to delay the approval of any INO's vaccines.
#1: Insider ownership. They won't screw it up until they make tons of money, so we're safe for a long haul until anything bad may happen :)
hugo_chazev or hugo_chavez, whatever IDs you are using, you've been popping up on too many boards bashing stocks. Aren't you tired of that? Or you are but you have to do it because it's the job that feed your mouth?
Based on chart, SP should move down to around $2.27 again and then head back up to complete cup and handle formation. If it is true, we'll see a breakout above $3 in 2 weeks from now.