IHL 0.00% 4.1¢ incannex healthcare limited

I like simple charts. I think they present the best...

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    I like simple charts. I think they present the best information.

    https://hotcopper.com.au/data/attachments/4924/4924631-41edacf0385b83cbe3d59f67520b4188.jpg

    This is a monthly chart. As you can see, 11 cents was a resistance, and I say it was a very good one. Once this barrier was breached, the share price hasn't returned to this point. Now, we'll have to wait and see whether it's going to act as a support.

    https://hotcopper.com.au/data/attachments/4924/4924658-c64e0cdcc68d9958bec1e58d14a18c2d.jpg

    This is a weekly chart. I flagged three points of interest on the chart. The share price tried to climb higher on at three different occasions but failed. This isn't good. I believe the share price will visit 11 cents once again, and the price action indicates this.
 
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