IHL 0.00% 4.1¢ incannex healthcare limited

Re the share price, after a big run, we frequently see an...

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    Re the share price, after a big run, we frequently see an oversold correction. Chartists would likely see today (likely spotted yesterday) that we are at a retracement pivot point where a bounce is imminent. The action today indicates that the selling is close to exhaustion and the SP is ready to reverse. There is vey little selling coming out - and the sell screen is very thin; 160,000 shares below 24. Highly likely now that the wave reverses and trend resumes. I think this is a rare buy opportunity at these prices being mindful of the last two Ann re 675A and US listing.

    BTW, Morningstar reported IHL as undervalued out of interest.

    https://hotcopper.com.au/data/attachments/2948/2948465-6ee2ee1278a290f8d3d9f49ac78340ee.jpg

 
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