IRX 0.00% 2.6¢ inhalerx limited

It's been a while since some chart discussion has been made so I...

  1. 167 Posts.
    It's been a while since some chart discussion has been made so I thought I'd give it a crack.

    We are in this bear channel shown by the red lines and an even smaller one shown by the purple lines. I believe a break above 17-17.5c will see this go higher but the 20-21.5c zone may also prove resistive.

    Looking at the sell side though, it looks pretty thin and on any good news I believe 20c will be behind us, and we can start trading above IPO once more.

    Obviously being in 2 bearish channels doesn't signal a safe investment but I do believe it's worth a punt which is why I'll leave the buy sentiment. Buyers should return in the coming months. Good luck to all holders.

    Edit: More than happy to hear your thoughts. And any feedback on the charting

    Last edited by Player 8: 27/06/17
 
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