typical frenzied excitement happening now, always dangerous to let emotions rule investing .
one good day, after the same bad day, means little, though the price action today for INO did look good for a few reasons. the bottom held today.
But that's All that happened. Technically the 50 MA looms overhead at 2.09 its a resistance point.above that are higher points at 2.20/2.40 and 3 that haven't been reached yet.
Until they do, let me say that again, Until they Do, making higher highs, and higher lows........ the down wave structure remains in play. either price moves along sideways like it has been doing, and with a downward bias, a correction cycle now, still ongoing, or else it needs to make higher highs and higher lows and retest 3 dollars.
basic technical charting.
one day up, that sits now back at the 2 dollar sideways zone, really doesn't mean much.
Price needs to clear 2.10/then 2.20/then 2.40, and retest 3, and not until it makes higher highs Above 3.00, should folks get excited.
sorry for the lecture on TA.
but I hope it helps those who need it.
Market Data 
Markets 
AI
