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4.1¢ incannex healthcare limited

Ann: Update on Placement/Cleansing Prospectus, page-12

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Exalted

1,869 Posts.

1472

09/07/19

16:55

Post #: 39442492
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Originally posted by exberliner1: ↑

Something positive seems to be underway with sell volume reducing in the low 4s while the bid depth keeps on growing with 10mn bid above 3.6 of which 7.4mn is bid above the recent CR of 3.8.

I recall we saw something similar in the low 3s with trading volume falling and bid depth volume increasing just before we went for a run into the 4s.

Trading activity so far this week looks like a repeat performance which should lead to a run from the low 4s into the 5s any day now as bidders are left with no stock to buy at these lower levels.

EB

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Last few days been on low volume, consolidation and churning with strong support at 3.8-4c. Sell side is getting thinner as you said, but still strong resistance near the 5c and no real activity lately.

BOT still on a hot streak after consolidating for a little bit after the trial success news drop. Good news for the sector, things are looking hot!

IHL Price at posting: 4.1¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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