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Today was a breakaway gap.Dont think that gap gets filled,...

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Exalted

1,869 Posts.

1472

01/11/21

18:53

Post #: 57239312
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Originally posted by stillconfused: ↑

As this is a chart thread I thought I would do a bit of TA. To my eye it appears a cup and handle is forming. This would mean that over the next week or so the SP would retrace to fill the gap at 41.5c. This assumes that no announcement occurs in this time.

If I was confident this would happen (I'm not) and was a ST trader (also not) I'd sell now and buy at the gap. Instead I'll try and scrape up some more dosh to buy more on the retrace.

Tbh I'd feel more confident if the above scenario was to happen - I hate annoying little gaps like that and a cup and handle pattern is strongly bullish.

But I'd be happy with the announcement instead.

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Today was a breakaway gap.

Dont think that gap gets filled, instead a push to 57.5c.

NASDAQ Listing will flip it on its head as well whenever that comes.

IHL Price at posting: 47.0¢ Sentiment: Buy Disclosure: Held
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