Replies to post #69831 on Innovation Pharmaceuticals Inc (IPIX)

[Commando911]

Predictions are always difficult...especially about the future....I dunno....I think volume has peaked for the time being until we get the next update. A pull back of about .10 and volume about 250 to 350k wouldn't surprise nor upset me. Such is the market. But I expct $3.00 EOY.

Go CTIX

[BonelessCat]

A very basic chart tells most of the story. The high resistance descending triple to in place since last August was breached today with a very strong upward movement. The white candle's top is at the 2.42 high of the triple top and resistance from December 2012. IMO, that 2.42 resistance is weaker than that formed by the descending triple top, a resistance line that held for more than a year. Volume tomorrow will be a little less than 1 million, but still high. Tomorrow or Friday we penetrate 2.42. But first that descending resistance has to confirm as the new support, so expect a test of that at 2.20 before it takes off again.

I'm never wrong about these things except for the times I am not right.