Bearish signals near-term for Inovio Pharmaceuticals
Inovio's daily candle chart has completed a "classic" Head & Shoulders pattern as of Oct 2018.
So far the rising neckline ($4.87 today) has provided support but looks as though it may give way. There does appear to be ~some support~ in the $4.70 - $4.74 area.
If share price continues to trade in the ($4.80 - $5.10) range, a DEATH-CROSS of the 50 & 200 SMA's is also looming.
In my opinion an opportunity to purchase in the $4.0's would be a gift !!
Happy trading to ya's !!
So far the rising neckline ($4.87 today) has provided support but looks as though it may give way. There does appear to be ~some support~ in the $4.70 - $4.74 area.
If share price continues to trade in the ($4.80 - $5.10) range, a DEATH-CROSS of the 50 & 200 SMA's is also looming.
In my opinion an opportunity to purchase in the $4.0's would be a gift !!
Happy trading to ya's !!