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4.1¢ incannex healthcare limited

Glad to hear the likes of yourself ((new)) are starting to...

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tossydog

548 Posts.

620

12/09/23

11:21

Post #: 69823836
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Originally posted by SWILTD: ↑

Am watching after my filters gave me a nice heads up at .08.

There is a swing high @ 10.5c that needs breaching, but you could likely expect a pullback at 10, simply because it's a nice, round number, before ( hopefully) , the buyers run into the next kick up.

At THAT point, I will probably set a limit order at 11c, just to let the market overcome the selling pressure at the 10.-10.5 resistance, then let run upwards for a while.

Admittedly, I have no idea of what this mob, and tbh, I don't care.
The chart is full of experts that tells me that something is definitely up, and I need to pay attention to the buying pressure.

If the SP hits 10, busts through to 11-11.5 then fantastic. Means a LOT more buying strength than we think.
If, however, it hits 10, then cannot penetrate the last high, the trend could continue back down.

At present however, those big green candles definitely look like someone wants a piece of the action...

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Glad to hear the likes of yourself ((new)) are starting to recognise the stock on some filters. The fundamentals are outstanding, just needs new investors to join the party. Good luck.

IHL Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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