The MSOS chart has broken down and the bullish Inverse Head and Shoulders scenario I painted is all but busted.
The long-term chart of Incannex, which I also liked a lot, has also broken down this week (imo).
I'm out.
That's not to say IHL and MSOS aren't both about to stage stunning reversals in the next few days. They well might. But by my charting analysis MSOS and IHL have taken significant backward steps chart-wise this week and I've responded accordingly.
IHL Price at posting:
19.0¢ Sentiment: None Disclosure: Not Held