We don't agree with Bosco either. The trading data heavily suggests its still retail buying and selling (i.e. day traders). High net wealth also likely soaking up a few. Technically the chart is primed for higher highs; hence the day traders are still sniffing around. But also disagree that funds don't buy microcap stocks. There are specific funds set up to buy small/microcaps. Like we wrote above, institutions are looking at and buying BDA, which has a smaller market cap than IHL.
Tribeca Investment Partners just bought ~8% of BDA = https://tribecaip.com/ - its a boutique fund manager with 20-years experience. They bought on the latest H2 deal. You can see this reading the latest change in substantial shareholder notice. This isn't the first time an insto has bought BDA either.
Hopefully IHL is next! To your first million, -Trading For Millions
p.s. Bosco also said previously that the previous technicals don't matter for the old company. This is wrong. Technicals are technicals. It doesn't matter about the business. Technicals are different to fundamentals. Price respects both. Technical analysts dont care about fundamentals. That's why we showed the 5.4-cent support multiple times on our blog & twitter, continuously arguing they matter and are likely to be respected by the market. The 7.3-cent resistance is similar, which dates back to the old company. IHL tapped the 7.3-cent resistance, bounced off 5.4-cents and is setting up for the next leg higher. We need a weekly closing above 7.3-cents to confirm the next leg higher. Hopefully with plenty of news in the pipeline, the fundamentals can drive IHL to 10-15 cents in the short term.
IHL Price at posting:
6.4¢ Sentiment: Buy Disclosure: Held