Bullboard - Stock Discussion Forum Universal Ibogaine Inc V.IBO

Alternate Symbol(s): IBOGF

Universal Ibogaine Inc develops a platform of addiction treatment clinics, which use ibogaine as a primary modality for the interruption and ideally cessation of addictions to primarily opioids such as oxycodone, heroin, fentanyl, as well as alcohol, cocaine, and other stimulants. It runs addiction clinics it has a research partner clinic in Mexico.

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Universal Ibogaine Inc > Universal Ibogaine forms bullish Gravestone chart pattern

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Post by yukon_gold on Sep 27, 2022 9:54am

Universal Ibogaine forms bullish Gravestone chart pattern

Sep 26, 2022

Trading Central has detected a "Gravestone (Bullish)" chart pattern formed on Universal Ibogaine Inc (IBO:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.03.

Tells Me: The bears have sustained control over the downtrend, but the period has shown a surge of bullish demand that suggests we are nearing a bottom.

During a downtrend, the bar opens at its low (or very close to its low), then rallies, but isn't able to sustain the move and closes back down near the open. The bulls have lost the battle but have shown some strength during this period. It's possible we are nearing a bottom.

This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.