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IHL

0.00%

4.1¢ incannex healthcare limited

Plenty of opportunities ahead. Let's see the options scheme,...

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Alee26

2,246 Posts.

257

27/01/22

15:34

Post #: 59165498
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Originally posted by andres: ↑

Interestingly, if you turn the IHL chart upside down it looks like a massive blowoff peak in reverse - with its own gap to fill. A good perspective on how overdone things are. It looks TA wise like a retrace is likely to be V shaped given the spike - when people feel its the end of the world.then it isn't. Not far from Feb now!

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RSI steadily bellow 25 on yearly chart. Daily it reaches 3-5. IHL heavily oversold now, moving from one extreme (RSI 80) to another. What a fun here!

Originally posted by tradingformils: ↑

Greatest buying opportunity in history

NASDAQ may still fall, as Fed was ultra-hawkish yesterday. Powell said “Asset prices are somewhat elevated. They don’t now pose a threat to financial stability". Powell admitted that the Fed is “willing to move sooner” and “perhaps faster” than last time in shrinking the balance sheet.

That's freaking the market.

Who knows how low it will go and the correction will last?

But IHL's fundamentals remain in tact and extremely sound. With plenty of news around the corner (OSA, TBI, IHL-675A, RA, IBD and a potential 2nd psychedelics program), there's lots to look forward to for investors who can see further than their noses.

So, yes the share price could go lower, with the market panicking. But come 3-6 months, when the market is calmer and IHL's drug development program more advanced, the share price will probably be making new highs.

Screaming hot buying opportunity ahead of the loyalty options issue, where likely the more share you own, the more you'll get rewarded. That sounds like a pretty good deal if you think the drug development program will be more advanced in 3-6 months (and the share price higher), so just in time to attract coin from deep pocketed US investors and set to become the global market leader with plenty going on.

To your first million,
-Trading For Millions

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Plenty of opportunities ahead. Let's see the options scheme, will be interesting.

IHL Price at posting: 42.5¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

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Add IHL (ASX) to my watchlist

Plenty of opportunities ahead. Let's see the options scheme,...

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American West does it again at Storm with visually identified thick copper hits at Cyclone, Lightning Ridge

PYC commences new study on drug for eye condition Retinitis Pigmentosa type 11

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Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

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