iBio Inc (IBIO)

[ospreyeye]

$IBIO chart - another great example this week - struggling w/ 1.00, formed Bearish Engulfing & is now forming a red candle - confirmation for the bearish engulfing reversal pattern is the closing price on the 24th - if the share price trades below that level it confirms the pattern according to confirmation rules -

The early warning was given along w/ support & resistance levels - it was and still is all about 1.00 for $IBIO - candles above = bullish and candles below = bearish IMO, but $IBIO is in the bullish upper BB channel - trying to hold EMA 8 @ 0.90 - $KEY level - if it breaks the middle BB @ 0.71 will likely be on deck IMO -