APVO Breakout Imminent? Fib Retrace + Res Lin Crossing

APVO is a funny stock in that it rocketed past $4 and subsequently fell just as hard and fast. The fall was never really explained as far as I know. SEC filings have come up fairly recently and are positive.

Median resistance line shows an incubation level that's held. Previous breakout was right up against it. Current levels are holding above it and about to test next Fib level. Biotech is always an interesting play and APVO has a great timeline for 2018 and its products and test results. Overall market stability will hopefully start to take seed with a new month starting next week that could help APVO momentum. Expecting some $4 levels again in the near future.