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.
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price is consolidating in MID 4 area. IBIO CEO will be interviewed today on The HILL at 12:30 pm PST.
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insider kenneth dart have being selling all of his IBIO holding (he is selling all of his biotech holdings , not just IBIO) for the last few days, which have caused to shares to plummet from the MID 4 which i was talking about.
This does not change the fundamental and capability that is in this company. LONG
This does not change the fundamental and capability that is in this company. LONG
