The run was clearly based upon anticipation of the IPO, NASDAQ listing and OSA results.
The subsequent slow retrace was clearly based upon NASDAQ listing delay into January. The more recent sharper retrace is clearly based upon the new postponement of the listing which has been reported irresponsibly and inaccurately as being unexplained by the company, and as representing a complete abandonment of NASDAQ listing plans. It is neither. The rationale for postponing the listing was spelled out in plain English by Incannex in a recent announcement, and it was made clear that the listing will go ahead in February, in concert with OSA results release.
Not sure what is mysterious about this?
IHL Price at posting:
49.0¢ Sentiment: Buy Disclosure: Held
