With everyday one step closer to a US listing, I expect shallow corrections and moves continuing North. We are experiencing the best volumes and impulsive buying patterns that we have seen for a long time. (and IHL has always been impulsive buying and corrective retracing structurally)
As posted before, I am convinced we are now working Wave 1 of the Supercycle trend from an Elliot Wave perspective. (having completed the first three waves up/two down) in the first cycle. The retraces have been low volume and low range which underlies the overarching bullish sentiment. This set up looks even stronger that earlier waves with strong volumes and range days on bull moves.
All very justified given the catalysts in the near future.
BTW, just pipped at the post today from a 38 close. The damage to the SP was done at the open IMO with fairly flat trading the rest of the day. There is a gap there which is very likely to be filled - sooner rather than later I think.
