CHART Thread, page-948

Maybe they were, if so - still a very sloppy play. Granted that they probably made dough, but if it was T-2 then they should have better capital preservation / management techniques and also that's a huge punt on a T-2 trade. Don't know if I hang around with the wrong T-2 traders, but none of them would put up 500k shares on IHL at around 30c. Huge outlay..

Oh well, good day on the face of things and might be green tomorrow however I get a bit antsy when I see suck wicky days like today. Huge amount of froth driving us to 37.5c and then the ship sailed. Even if they seller at the end of day was T-2, they were also a buyer previously, so their sale and lack of future support for IHL needs to be taken into consideration.

That being said - from the retest of the 28.5c break - seems like 34.0c is the key point for any bounce from here. The close was the third time it has been hit after the retrace from the high, and is on the 38.2% FIB. If it does hold, nice triple bottom on shorter timeframes for us to continue on our merry way. If it doesn't then maybe whack an order in at 31.5c which is close enough to the 61.8% FIB and also where major support for >30c kicks in.

I'd like to say that we go up from here as we were strong into the close ex. this seller. However it now means we are 2 pips lower than where should be and I feel like anyone who's wanting a larger slice of the pie / MM's will make it hard to get through to ATHs again.

All just my own humble opinion

Cheers,
SforP