Bullboard - Stock Discussion Forum Universal Ibogaine Inc IBOGF

Primary Symbol: V.IBO

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... see more

Add To Watchlist

TSXV:IBO - Post Discussion

Universal Ibogaine Inc > Universal Ibogaine forms bullish Gravestone chart pattern

View:

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.