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Biotech / Medical : Immunomedics (IMMU) - moderated
IMMU 87.860.0%Oct 23 12:00 AM EST

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From: TinfoilHat1/14/2020 11:32:02 AM
2 Recommendations

Recommended By
JJINV
rodneyh07

   of 59045
 
While certainly not an expert trader, I did stay at a Holiday Inn Express last night.

Pull up a chart of IMMU and add Bollinger Bands, then zoom out to a weekly view.

You'll see we cleanly bounced off the midpoint of the bands, which is essentially within one standard deviation of expected volatility. That drop was within the bounds of normal, my friends. Technical analysis, as whacky as it is, works at times.

Then zoom in to a 60min view. You'll see that yesterday morning we spiked down into a tweezer bottom, looks like a pair of tweezers on the candlestick chart. That's a bullish indicator that the suffering is over.

Hope this helps some of you sleep better, and totally agreed that WS is out to steal our lunch.
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