I'm usually not a fan/beleiver of technical analysis for...

I'm usually not a fan/beleiver of technical analysis for microcap stocks, but IBX has gotten me curious recently with its movements.
Take a look at this chart with some very elementary level trend channeling/lining:



From the end of April, a perfect upward trend channel begun and has continued to today.

I've taken a trend line from the peak in mid August and the peak in late Septmber (purposely ignoring the July FDA breakthrough classifcation peak), and crossed both these lines through the mid february peak.
At this rate, we wil see IBX test the 2.7 to 3.0 level in the next 7-10 days.

If it can break through 3.0, backed by a potential announcement, we can see this fly to a new high.
The volume levels support this basic theory as well.

However, if we can't break through 3.0, we can likely expect some decent support around the 2.5 level until a price sensitve announcement is released.

Just a thought...

IMO, DYOR etc etc....