IHL 0.00% 4.1¢ incannex healthcare limited

IHL Chart Technicals, page-162

  1. 1,869 Posts.
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    See where we close today. A bit of profit taking and consolidation happening here. Support last time was shown at 6c, but imo support is at around 5.8-6c. It is fine if we trade around a tight range here for the ST. Can coil and explode up on news.

    Nothing goes up in a straight line and Impression's chart is very parabolic. Check other charts like Althea's to see what a sustainable uptrend looks like, if ours looks like that then no complaints.

    Close 6c or over will be good.
    This is low volume shakeout IMO, weak hands out!
 
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