I totally concur mate, brilliantly put. The market is now...

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MrFantastic

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15/10/19

12:26

Post #: 40886359
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Originally posted by Exalted: ↑

No ST Demand. Reason being, why would there be? Sector has been rotated out of for now, all AU Pot Stocks down from highs substantially, IHL actually one of the stronger names that has held up well in the weak tape. @Invo

Supply isn't particularly strong, just buyers are lurking at support and unwilling to push it higher.
Pro Money =/= Hot Money. Outcome is different as well.

Need catalysts and market sentiment to return to the sector and of course the personal news flow of the stock in order to punch through higher.
Albeit, the range is tightening and volume dropped off significantly. Churn and flush, it may take a bit but is needed in order for a stock to genuinely hold its gains if not you get a fat pump n dump.

Lucky for us our newsflow is heating up in the coming months, and hopefully a successful BOT Phase 2 Acne Trial will ignite the bulls in the sector again.

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I totally concur mate, brilliantly put. The market is now starting to see IHL as a firm Medicann stock of the future.

IHL Price at posting: 8.3¢ Sentiment: Buy Disclosure: Held
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I totally concur mate, brilliantly put. The market is now...

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