I dont tend to look at the NASDAQ one, there is little to no correlation currently. Unless you count down-trending as a correlation, that's definitely consistent.
Your other points, you can definitely make the argument for some reversal points. However, its counterpointed (I think overwhelmingly) by the relentless trend over the last year. When you factor macro and micro together, I don't think that there is a solid case for a reversal based on technicals alone. Every indicator for reversal/pivot etc from 17.5c downwards has been smashed apart by the release of a positive announcement and a sell down.I made the point a while ago that having such a clearly laid out timeline also works against a company in these market conditions, it gives plenty of notice for what is coming to plan selling off.
Reading back over my last post, yes it does sound very bearish indeed so thanks for adding some alternative perspective to it..
IHL Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
