Innovation Pharmaceuticals Inc (IPIX)

[reasondeep]

Everyone here should know I'm no basher. But this is what I'm seeing on the chart. Obviously I'm long and extremely bullish CTIX, but this is a near term projection based solely on technicals. It is my belief that the chart has all of the information on it barring black swans, but even that is debatable. I welcome disagreement or differing opinions - but please make them worthwhile. I'm not looking to prove anyone anything, so criticism is always appreciated as long as it's relevant and productive.

The image below shows what I believe could very well happen and we should not find ourselves surprised like we did before. Perhaps I am only partially wrong as wave C can possibly fall above the target shown and an abrupt move upwards can commence thereafter. Regardless we will see an abrupt move upwards as I see it, I'm just not too sure it's going to be now.

If my projection turns out accurate, I hope people don't toss their hands up and call me part of a bear raid haha. Takecare and good luck to all. I'm aboard the CTIX train, are you?