Given the current market conditions and recent fed news, coupled with another interest rate rise locally and with more to come, I am expecting the SP to either drop further or stagnate around 10c.
There is a solid wall at 10c currently, and watching the current trading back and fourth between 10.5-11c is interesting. I would say there is some degree of accumulation at these low prices if not some form of manipulation.
Will be interesting to see over the next couple of days/weeks where it sits.
IHL Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
