123Tom's TA study group

[123tom]

IPIX has finally gotten serious about the technical pullback into the 80's like the chart was pointing to... but it didn't really look like it wanted to drop into the target zone last week, kept hanging in the 90's. but its making the retrace now, happy to add shares in the 80's here. but now I need to sell some trading shares at the .98 area when the time comes.
Whats your take on the retrace now? last week was not much of a pullback, looked like it was holding in the 90's. this week we get the retrace. do you think they can take it down to the 70's?

Its kind of typical for these small biotechs to rally up into news and "news" and then they get slammed down after that. Last week, the 90's looked pretty solid. so much for appearances. will the 80's hold like the Fibonacci forecasts as a pullback target zone. ?