Universal Ibogaine Inc V.IBO

Alternate Symbol(s): IBOGF

Healthcare Psychedelics

Universal Ibogaine Inc. is a Canada-based life sciences company. The Company is transforming addiction treatment using medicalized ibogaine through a planned Canadian clinical trial focused on opioid use disorders. The Company is engaged in developing a holistic addiction treatment protocol at its Kelburn Recovery Center (located near Winnipeg, Manitoba), which paired with the planned ibogaine detox protocol, is intended to treat addiction and improve the lives of individuals and families affected by addiction. Ibogaine is a naturally occurring molecule derived from the root bark of the iboga tree and other plants. It is a potent and serious medical psychedelic which has addiction interrupting properties. Ibogaine targets multiple receptors across multiple sites in the brain and metabolizes into noribogaine, a serotonin re-uptake inhibitor that remains in the body for 1-4 months, associated with elimination of addictive cravings.

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Universal Ibogaine Inc

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Post by yukon_goldon Apr 07, 2022 10:56pm

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Post# 34586686

Universal Ibogaine Inc forms bullish "Inside Bar" chart

Apr 07, 2022

Trading Central has detected an "Inside Bar (Bullish)" chart pattern formed on Universal Ibogaine Inc (IBO:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.11.

Tells Me: The balance between buyers and sellers, recently dominated by the bears, is evening out. We may see higher prices ahead.

An Inside Bar develops during a strong downtrend, when the trading range is completely within the boundaries of the prior bar. This suggests the balance between buyers and sellers is becoming more evenly balanced i.e. a weakening in power for the bears and increasing in power for the bulls.

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