Posting early but this is yet one of those pivtol points for...

Posting early but this is yet one of those pivtol points for IXRs direction for the next 1-2 months. IXR has touched the bottom trend line along the support and this support holding is now crucial for IXR if we are to see a bounce back up to the 5.3-5.5 mark. The selling volume in the past week has appeared to be largely retail but also in relation to the falling REMX ETF which has also just touched its support trend line. If REMX bounces I would think it mostly assured that IXR would bounce as well and if REMX falls through then with liquidity weak in the market I would expect IXR to fall to potentially the 3.5-3.7 mark in the short term where it would need to form a new channel if it is to continue otherwise it may trade largely flat before starting its upward rise.


This is all from a traders perspective. Now fundamentally IXR is in its best position yet however I would suspect that a fall to the downside of REMX would hurt IXR regardless of the fundamentals due to sentiment.

Ideally I would love to see a re-test of that 5c range to continue the channel and really solidify IXRs position in the 4c range.

Good luck to all holders I eagerlly await IXRs re-rate as do we all.