Innovation Pharmaceuticals Inc (IPIX)

[TheBunny]

Thank You Karen for posting the charts.
I look at the two 'Double Tops' of $1.96 to $1.92. The PPS retreated from there twice. To me it showing CTIX is having a problem penetrating $2.00.

The PPS may go up from here, but I don't see anything that will threaten the $2.00 threshold unless there is Significant News.

Since news of Phase 2 didn't do anything to the PPS, this stock may be stuck in the doldrums for awhile. The volume has dropped off to where it is now will be hard to trade. And should one want to sell a nice chunk of shares here to buy some of the deals that are out there now in the market, they will have a hard time without collapsing the valuation.

-JMO-

Have a Great Week-end.

-bunny-


in response to Karen:

Bunny… Different charts show differing things… For example:

5 year 7 month weekly chart shows a clear overall uptrend which makes sense considering the progression of the science. Nothing is straight line and we are currently experiencing normal up and down on low volume within a higher trading range from three months ago. See next chart.