Intelligent Bio Solutions Inc (INBS)

[timberwolf7]

iNBS share price wrestling with its short term moving average line.

The MA line has a slight negative trend to it, the share price appears to be
trying to hold this level. Sets up a confrontation to see if the share price can
resist the pressure of the MA line trying to 'push it lower'. If it does?

Then the MA line shifts into a 'support role' as it tends to slowly roll from negative
to neutral. WHich helps 'carry' the share price hopefully higher the longer the share price
can stay above the MA line.

Or at least that is what I am used to seeing in a 'bottoming' pattern. If it doesn't push back over
because of 'support' for the shares? Well, who knows how low it could go next.

Good luck