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