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Analysis: #NYSE $IBIO

Case 394 #iBio Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#IBIO 1/4
Chart 1
Monthly Chart: It has been exactly 4 years since price closed above the #SMA 50 (currently 2.28), the Mar. 2018 trendline #resistance has been cleared and an attempt .....

IBIO 2/4
..... to close above 4.94 is underway to target 10.30. A close/hold above 16.00 targets 21.30-22.20 quickly.

IBIO 3/4
Chart 2
Daily Chart: A small unfilled gap 4.97/14 exists.The best #support is located at 3.89 then 3.40 and the Apr. 2020 #trendline at 1.77.

The #Strategy is printed on the image.

$IBIO 4/4
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