IHL 0.00% 4.1¢ incannex healthcare limited

IHL Chart Technicals, page-178

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    The chart is respecting the pitchfork that started back in June. You can see today it touched the top and bottom of the upper channel.

    As far as other indicators go, the Stoch's and Macd have been riding a high since the price was 2.5c, so while the announcements keep coming, it is hard to justify putting too much emphasis on them.

    Volume gives some hints about the breathers that are required to keep a chart in full strength. Also the candles that breach the bollinger band have shown insight into the day or two of consolidation over the last month.

    All in all, it is a thing of beauty.

    IHL Daily.png
 
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