ILA 0.00% 18.0¢ island pharmaceuticals limited

ILA has rejected the EMA150 twice prior to here, but it's bang...

  1. 5,888 Posts.
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    ILA has rejected the EMA150 twice prior to here, but it's bang on there at 7.5c currently.

    This chart right here, right now, is where (in the past risk-on environment) I've generally seen a "pop", as the MACD pops up through zero ... it's a TA thing ... let's see if it transpires today or Wednesday. (US bouncing today so far.)

    It would be nice to see the chart go positive on next to no volume over the next two days ... naturally it'll take a breath at 10c, and probably again at 14.5c, but my main targets are 15.5c (61.8% of the down leg) and 22c to complete the "cup", before the inevitable "handle back to 15.5/14.5c.

    Sounds fanciful and very optimistic I realise ... but at 22c the MC is still only $28m. (Jason Carroll's (our largest shareholder) TYP is $21m MC at an SP of 1.9c!!! today. Crazy!)
 
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Mkt cap ! $28.06M
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Last trade - 15.55pm 15/11/2024 (20 minute delay) ?
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