VBI Vaccines Inc (VBIV)

[123tom]

Recalculated VBIV chart
Happy Holiday to you.

Fibonacci Elliott Wave picture for VBIV
(double click the chart to enlarge details)

This is the picture of a combination Elliott wave and Fibonacci price target pattern.

Its a bit complex for those who dont study Fibonacci or Elliott wave. but I like the way this combination works well together.

It looks like the VBIV chart has broken into a new, extended pattern. There was always the possibility that it could stretch above the first major target zone (1.05) and it did. The pullback low at 88 cents was a one time chance to buy the pullback, it was a shallow retrace. which had more central target zone (50%Fib) around 75 cents.
Now it continued to the next target zone and broke thru the 200ma, and looks strong. it has entered into the next higher level wave pattern. and has finish target looking at 2 dollar area now. The peak at 1.40 which got hammered down, was a strong sell off, because that zone was a strong resistance target area for the older pattern. its interesting now to watch , the volatile playing field can gyrate some more here above 1.10 on its way to higher targets at 1.55/1.75 etc, on the way to the finish Fib target area 2 dollars.

Now watch to see if the 200ma will become a big support step at 1.10 area. This is a good rally pattern happening for VBIV investors and traders. Too late for me to try and get in, but happy for you. and those who got the 50 cent bottom.
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