Thanks for sharing Jabra, makes a lot of sense. At the heart of it, to progress past the "ST" zone - we need sell-side volume to dry up. This is happening, although it's difficult to say whether we'll see this sometime between Jan '23 - Mar '23.
My estimate is that our "free float" is around 10%. Perhaps when this reduces to 5% you'll see insufficient sell-side pressure to enable today's price suppression. Between Aug '22 to Dec '22, around 3.8mn shares were traded (~5% of total float). Therefore, in another ~5 months (i.e., around May - Jul '23) you'll see arrival of the "AS" phase.
In any case, I am looking forward to 2023 - we're only getting closer and closer...
IXC Price at posting:
54.5¢ Sentiment: Buy Disclosure: Held
