Innovation Pharmaceuticals Inc (IPIX)

[TOB]

I think that's spot on.

The CTIX "correction" was coming with or without a shelf registration. Might have had different timing, but it was coming. The weekly RSI was too hot for too long. -noretreat

Issue being the timing... I figured it was a coin flip that the little pullback could have been after another rally leg up. Or a PR could hit with good statistics for the P2b Top-Line data, or the several other things in the pipeline.

I think what not everyone grasps, is that even a bullish chart can have any single upside rally leg come back and retest either the break-out line or support, and still remain a bullish chart.

Now the daily RSI is almost oversold! -noretreat

Indeed I was gaping at the RSI, the lowest it's been on the daily since CTIX was about 1.60! Now the weekly RSI is back down nearly the same.