Innovation Pharmaceuticals Inc (IPIX)

[BonelessCat]

Can the after lunch action be any more different than what you called? Now a 3 hour, tightly bound, flag on the minute charts going into late afternoon. I would bet my last nickle that the long flag and support on the minute chart resolves with more buying going into the final 2 hours. Sure there still might be a spike down, but IMO it already would have happened.

Might get a 3 cent head fake befor it takes off again. Should get another challenge of 2.95 and 2.98 before close.

Lots of worry worts with stop loss orders sitting at 10 day movie average.

Few shares for sale so market makers will begin shake out after lunch and drop price and trigger the stop losses.

This way they will gather cheaper shares for next wave up after news is released.