iBio Inc (IBIO)

[doebop]

most folks believe gaps must fill... although it's not true.. more times than not the overwhelming belief that they will fill/close causes them to

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:gaps_and_gap_analysis

we had gap up on the daily chart... but that filled with the price moving back below $1.10 today...


IMO we're all good here.... i took small position yesterday back in early... but glad i held to my guns and got fully loaded back at 1.02-1.03 today... we are in good shape imo my friend...

$1 area proven as solid support (1.01) and shorts could not break it...

i expect we will close green today and see solid move up this week!!!

only weekly chart we want to break above this yellow line and hold support!!!


for monthly chart... if we can close out the day thrus above $1 we will see for first time ever IBIO monthly chart closing above 50 month average!!!