IXC 2.86% 7.2¢ invex therapeutics ltd

Maybe. Or Maybe ALA is pure technical. I dont see no...

  1. 15,516 Posts.
    lightbulb Created with Sketch. 1282
    Maybe. Or Maybe ALA is pure technical. I dont see no announcements come out (hence why they got a price query)

    Its a simple downtrend channel, breakout, backtest and off she goes
    https://hotcopper.com.au/data/attachments/5199/5199678-f9620eb94f417a96617a3319e8590dbc.jpg

    Why else do I emphasis the channel on IXC and once it breaks out and backtests what will hopefully happen
    Similar to ALA just we havent broken out yet. Hopefully soon
    https://hotcopper.com.au/data/attachments/5199/5199681-f3d69251f8185b1ab9d4d1bac0a79db0.jpg

    Alot of technical is involved as much as fundamentals weigh a huge part, technicals are followed by larger players and alerts go off when a certain indicator/trend is set off, and only then they jump in.
 
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