IHL 0.00% 4.1¢ incannex healthcare limited

since our High point on March 3, we are down 64.9% on the ASX in...

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    since our High point on March 3, we are down 64.9% on the ASX in 106 days.

    on the NDQ, down 68.88% since listing.

    Russell, XEC and all the other relevant index's down etc..

    regardless, it's a punishing fall.

    Yesrerdays VWAP was a 27.7, there is an algo buying just above that each day. yesterday it was at .28, just ticking away accumulating. It looks like it's set on something sometimes referred to as a rhythm pulse, where it buys small amounts at a pre set time frame which contracts and expands on a rhythm, so it's not precise to track.

    This type of buying pattern has been a common theme on IHL for years during our low volume/negative sentiment times.

    Whoever has set it up doesn't appear to be a substantial holder or anyone on the radar, as the amounts are not big enough to attract that volume of shares, but they are enough to accumulate the volume to move the SP during low volume sessions.

    Why?

    No idea. I just see the pattern and before you shout 'conspiracy theory' it's actually very very common across all volatile small caps.

    they disappear during high volume sessions as it gets flooded out.

    Someone was also asking about the after market drop every day. That's also common on small caps, to sell into the ask after the bell so you don't hold overnight.

    IHL's after market volume is very small, so it's not hard to move the close price with a little bit of weight.
 
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Currently unlisted public company.

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