IHL 0.00% 4.1¢ incannex healthcare limited

Breakout time?, page-20

  1. 168 Posts.
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    Hey mate, happy new year everyone!

    Broker data for Dec 2019
    https://hotcopper.com.au/data/attachments/1928/1928591-5afa9c08f922c25858e460238c28a8d2.jpg
    • Much the same happening the last few months as far as I can see, Pershing buying, retail selling.
    • Interesting to note - FinEx dumped 4.9m shares at average price of 6.1, they must be desperate!

    Charts
    https://hotcopper.com.au/data/attachments/1928/1928599-0c43f57bb037579d660262b7d5efb621.jpg
    • Decent price actions these 2 days, volume not crazy but definitely a change in sentiment
    • Strong support over the last 3 months with noticeable volume coming in every time price approaches bottom of zone
    • Broke out of zone today, with first resistance target 7.5c then hopefully a retest at previous high 9.5c

    Apologies in advance - I won't have time to post broker data and charts in the next few months, as I'll be juggling between a busy work schedule and moving houses. I'll try and be in contact with Joel over email as much as I can, will post any updates when possible, wishing 2020 to be a big year for the company and a successful one for all us IHL fans.

    Hez
 
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