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TAjames
Apr 15, 2021 10:54 AM

Incannex with a healthy move out of base  Long

Description

Good green buying volume in past week, could be signs of news, could also just be general positive valuation in company. Overhead resistance at 25.5 which will need a couple of recoils to get through, but once through should see new highs quite easily.
Always careful investing in health companies as there research could be nulled. So invest when news is a month or so away and make sure to sell beforehand (unless you knownthe news will be good) otherwise MSB.asx could be the result.
Comments
henrymorris1999
Now that its at the 0.260 mark are your thoughts still the same? Cheers
TAjames
@henrymorris1999, still feel it needs a recoil as most stocks generally recoil around resistance.. if it keeps going tomorrow, there will eventually need to be a pull back and find a new support.. either way, its a point right now where i wouldnt enter..
henrymorris1999
Great!!
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