Inovio Pharmaceuticals Inc (INO)

[mackwheaton]

"To dismiss TA is to dismiss market perception as it is a reflection of price movement."
TA has nothing to do with market perception, it is the analysis historical price activity. Past performance is never an absolute predictor of future behavior.

"The math won't lie"
Then you should feel quite confident that it will continue to fall. After all, it has fallen for 8 straight weeks and just crossed under the MACD. You should just wait til the TA tells you to buy.

I don't dismiss TA, it absolutely has value as a tool. I am thankful that so many see it as the gospel though, because in many instances, while true believers wait for the trend to be confirmed, I can get a nice head start on my way to profits. Right now, my dirt bike technical analysis says the slope of the chart is too steep, so a great opportunity for a trade exists. Good luck to you.