$IBRX - If $11.23 breaks, $8.78 possible

Has been unable to find bottom yet.
There is a chance of consolidating or reversal from around $11.23 area due to oversold condition.
If there is further break down, the next support area is $8.78, which could be a strong support.
Good case - consolidate or reversal from $11.23
Best case - $12.70
Bad case - $8.78
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.