IXC 0.00% 6.6¢ invex therapeutics ltd

DCF Valuation Model for Invex Therapeutics, page-232

  1. 15,516 Posts.
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    Hmm another TA
    Yes I see your 60 cents and thatll be the bull/bear line that determines the next movement.

    Just to keep in mind though the more times a line is hit the weaker it gets. That above line has been hit close to 4/5 times now. I think the next time it heads for it it wont be so lucky.
    https://hotcopper.com.au/data/attachments/5199/5199710-593277f341d07fb1dc14b0b2d3e09aea.jpg

    Once that breaks out for example then thats the old trend and a new trend will be formed

    For example and take this as a grain of salt because its impossible to workout until its broken above but something like this
    https://hotcopper.com.au/data/attachments/5199/5199719-f39da596eae889716c0917385fe30e20.jpg

    All I know is is tightetning here and that above line is getting weaker and weaker everytime. Hopefully the next time we head for it itll be the last we see of it and considering how many times its been respected the move above it should be explosive.
 
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