ImmunityBio Inc (IBRX)

[stocktrademan]

I am new to trading since December but based on my limited knowledge of studying stocks I believe this one can hit 7.77 relatively soon

I think that is certainly possible. Whenever the rsi breaks out above its own resistance levels (not just the price) that is a very good sign of continued moves higher. Currently the weekly rsi is breaking out and it has a lot of room to run until it gets to the upper boundary overbought area. There might be some chart disturbances or pullbacks for a few days but the long term investing trend is intact. In fact the macd is making higher lows while the price makes lower lows, and this is bullish divergence. The price just went above the 50 moving average as well so this is positive.



Would recommend reading just about everything at Stockchart.com's chart school and try out the new ideas and things that make sense. Try to trade a new way on paper for a month or so, or at least go back on various charts and see if a profit can be made after 20 trades or so on each chart. Try it in various years to get the chart when the overall market conditions might be different. That will let you know if the method works with you and than can proceed with a small real position.

Stockchart's education section free and has it all. Different people will have different impressions on the articles, but that's how we all find what will work the best for ourselves. Good luck with your trading and continued learning.

http://goo.gl/3cS5OP