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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Another Member of the Squad

chessNwine Thu Oct 16, 2014 1:21pm EST 5 Comments

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I am long INO here, with a stop under $10.80.

I am playing for rotation, again, within the Ebola space. This time, I am looking for the vaccine plays to lead, namely Inovio.

Inovio is heavily-shorted an ripe for a squeeze, to boot.

You will also note that of all Ebola plays we have played and analyzed here, this one is the most heavily-shrted and this prone to violent upside move fueled by shorts.

The chart below shows the narrowing pattern of higher lows but lower highs since last February, which is quite a coiled pattern indeed.

My bet is that it resolves higher.

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INO

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5 comments

  1. Andrew
    Andrew
    October 16, 2014 at 1:37 pm

    Swinging or day trade?

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  2. alf44
    alf44
    October 16, 2014 at 1:46 pm

    .

    Foxx, Murphy, Poitier, Cosby & Pryor !

    .

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