I think the chart is bullish!!I bought on Friday and sold today at .85 I then rebought into the close because I liked the chart. Price increased on above average volume, we broke and held above resistance of .81. If we can get above.87, I think it is off to the races. Would love to see some news from the company. All in my opinion.
ospreyeye Thursday, 03/12/15 03:37:17 PM Re: mondochello post# 32709 Post # of 32957 $IBIO chart - after 8 days down $IBIO is forming Bullish Harami reversal pattern - EMA 4 @ 0.74 1st $KEY level 2 close above -
This pattern consists of a black body and a small white body that is completely inside the range of the black body. If an outline is drawn for the pattern, it looks like a pregnant woman. This is not a coincidence. “Harami” is an old Japanese word for “pregnant”. The black candlestick is “the mother” and the small candlestick is “the baby”.