IONS trade ideas
$IONS would most likely drop down on 10/3 towards 46.x$IONS is in distribution within a range. Not it is falling across middle BB. Given recent price pattern /movement, it is very likely to continue the drop to 100 sma on daily or 20 sma on weekly (around $46.3).
The 200 sma does not seem to interfere with price actions much.
IONS: Potential Return To All Time Highs And High ReturnsIONS: Underwent a brutal sell off from its highs in Mar 2015 at $77.80 to a low of $19.59 in May 2016.
A stock which underwent sell off of 75% warrants a look by bargain hunters.
IONS partnership with BIIB just obtained EU approval for a $125K/treatment for spinal disease.
This will inevidentably be just the antidote that IONS needs to return to its new highs and more.
A break below Minute Wave ii will require adjustment of the wave counts.
Key support: $37.26
Critical support: $ 19.59