IHL 0.00% 4.1¢ incannex healthcare limited

General discussion, page-15934

  1. 415 Posts.
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    Hope you're all having a fantastic IHL Friday!

    Even though by a narrow margin, we saw the volume surpass the amount traded on May 15th. That was the day when we had a daily candle closing at 10 cents.

    Since then, we've seen a somewhat contradictory pattern - the price has been moving upwards, yet the volume has been dwindling. However, today's trading volume, despite being only slightly higher, suggests that we're in for a change.

    By outpacing the volume traded on the 15th, we have a robust indication that the bottom has closed and that we're seeing a trend reversal. This is a classic case of market dynamics.

    The upward move in volume, coupled with the price, hints at the bullish sentiment brewing among traders and market makers (did I mentioned i smell burnt shorts?). we may soon see a price level of 15.5 cents.
    So, after this upward climb, I expect a minor price correction before the upward trend continues. Remember, this is just part of the market's natural ebb and flow.


    However, it's crucial to approach this with a healthy dose of realism. While today's trading pattern is indeed promising, the financial markets have a knack for surprising us.

    So, I'm keeping my eyes peeled and my mind opened.


    Exciting times are certainly ahead of us. Or not...


    Good luck everyone.
 
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