IBIO is predicted to pull back on Monday or Tuesday, leading to short covering and an influx of long-biased traders, potentially resulting in a significant upward move by Wednesday or Thursday (Day 4 or 5 after the initial run).
"Maybe a day or two, Monday or Tuesday pulling back and then we get a move on on like Wednesday or Thursday. That could work really well because by that point we won't have to worry about this being close by and the first daily candle to make a new high can get a lot more volume than sort of day three of continuation when it's already pretty extended. So after here, if you get two days of pullback, shorts will cover most likely and then you'll have a fresh group of long biased traders coming in here for that next leg higher on day four or five after the pullback."