Charting wise, $0.44 was important as IHL has been making higher lows for years now, absolute banger of a stock.
$0.435 is the new “lower low”, lower than 11th March.
$0.420 is the next support point, held well late Jan.
If it goes below that a lot of those retail buyers in those big green volume days will be in the red, might sell down to $0.35 if the meme-worthy $0.420 level broken.
IXHL traded at $0.420 equivalent today if my estimations are correct.
The lack of volume suggests it’s more of a buyer problem than a seller problem. Average selling, but abysmal buying all over biotech. People are being fearful, but not capitulating, yet
IHL Price at posting:
44.0¢ Sentiment: Buy Disclosure: Held
