The elliot is not really valid , but it helps me to see clear wave movement.
INO is news based stock, High risk high reward. as long as it stays in the race for vaccine , it should be fine, but one bad news of failure can take it down to $2.
That race can last for months to come, so there is opportunity
I traded it few times and it works well with Fibs.
It was recently downgraded, which reflected in a drop. Very easy to manipulate.
Its still in a daily uptrend.
My entry level would be around 9.15 (could enter at $10 if it holds)
My target would be $13 with 60% of my position and $15 with the rest
Short volume has been lowered in past few days, so $10 can be the bottom
If it brakes those levels then look for next support at 6.90
Good luck
INO is news based stock, High risk high reward. as long as it stays in the race for vaccine , it should be fine, but one bad news of failure can take it down to $2.
That race can last for months to come, so there is opportunity
I traded it few times and it works well with Fibs.
It was recently downgraded, which reflected in a drop. Very easy to manipulate.
Its still in a daily uptrend.
My entry level would be around 9.15 (could enter at $10 if it holds)
My target would be $13 with 60% of my position and $15 with the rest
Short volume has been lowered in past few days, so $10 can be the bottom
If it brakes those levels then look for next support at 6.90
Good luck