WSR recent example usually when they pop up (off news) they retreat back down and backtest if they dont do so the first day
Come to think of it with IXC this move wasnt off news and considering how low liquid this stock is, it may not need to backtest
The only real backtest IXC will ever have to do is once it breaks this consolidation/accumulation pattern. Itll give investors one last time to get in before it really accelerates IMO.
The hardest thing is to buy now at base and wait till it pops.
We may see a backtest of 39-39.5 cents either tomorrow or early next week but I wouldnt be concerned if we never did, cause as I said rule is it wasnt off news and its low volume so not that big of a deal. Off news would be different. Anyway thats my rambling, but IXC looking the goods IMO, cant wait for the new year.You are right, all 2 previous occasions of a turnaround happened on the 15 of June. People usually get set now IMO, seller should be well done. All IMO
IXC Charting Thread, page-285
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Last
8.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.463M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 74259 | 8.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.8¢ | 5755 | 1 |
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| Last trade - 10.04am 16/10/2024 (20 minute delay) ? |
| IXC (ASX) Chart |
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