Bearish signals near-term for Inovio Pharmaceuticals
Inovio's daily candle chart has completed a "classic" Head & Shoulders pattern as of Oct 2018.
So far the rising neckline ($4.87 today) has provided support but looks as though it may give way. There does appear to be ~some support~ in the $4.70 - $4.74 area.
If share price continues to trade in the ($4.80 - $5.10) range, a DEATH-CROSS of the 50 & 200 SMA's is also looming.
In my opinion an opportunity to purchase in the $4.0's would be a gift !!
Happy trading to ya's !!
So far the rising neckline ($4.87 today) has provided support but looks as though it may give way. There does appear to be ~some support~ in the $4.70 - $4.74 area.
If share price continues to trade in the ($4.80 - $5.10) range, a DEATH-CROSS of the 50 & 200 SMA's is also looming.
In my opinion an opportunity to purchase in the $4.0's would be a gift !!
Happy trading to ya's !!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.