Possible Milk and Honey with Covid INO
Other Covid players are occupying the spotlight...
However, INO chart analysis looks promising! Including:
1) Double bottom has occurred, as indicated by the bubbles
2) Stock price did not give up 23June2020 gains
3) Stochastic indicator shows an uptrend
4) Consolidation volume in play; pay-tience pays here
5) Nice wedge formation, looking for possible breakout
Solid green line shows $19.35 is solid support, it's retested here several times.
The strategy:
Buy the dip - $20.55 - only if stochastic supports a buy here, bull volume exceeds current trend
Stop Loss 18.65 - allowing the stock's volatility to move north and south before a compelling move
Target Sell #1 - 27.00 31.38% winner!
Target Sell #2 - $31.70 54.25% Winner!
!!BEWARE THOUGH, IF $MRNA PHASES AND FDA APPROVALS ARE IN TOW, THESE COVID PLAYERS MAY START TO DRY UP!!!
*Let's see what happens*
DISCLAIMER - I am not a professional trader. These are merely my thoughts and possible moves; i enjoy watching these stocks validate my process or slap me across the face lol. If you are in need of professional assistance with your trades, don't look here. I am not that guy.
However, INO chart analysis looks promising! Including:
1) Double bottom has occurred, as indicated by the bubbles
2) Stock price did not give up 23June2020 gains
3) Stochastic indicator shows an uptrend
4) Consolidation volume in play; pay-tience pays here
5) Nice wedge formation, looking for possible breakout
Solid green line shows $19.35 is solid support, it's retested here several times.
The strategy:
Buy the dip - $20.55 - only if stochastic supports a buy here, bull volume exceeds current trend
Stop Loss 18.65 - allowing the stock's volatility to move north and south before a compelling move
Target Sell #1 - 27.00 31.38% winner!
Target Sell #2 - $31.70 54.25% Winner!
!!BEWARE THOUGH, IF $MRNA PHASES AND FDA APPROVALS ARE IN TOW, THESE COVID PLAYERS MAY START TO DRY UP!!!
*Let's see what happens*
DISCLAIMER - I am not a professional trader. These are merely my thoughts and possible moves; i enjoy watching these stocks validate my process or slap me across the face lol. If you are in need of professional assistance with your trades, don't look here. I am not that guy.