Replies to post #71905 on Innovation Pharmaceuticals Inc (IPIX)

[1iftrue]

Thanks Karen smile!!

[123tom]

@ TOB,.....I guess my response got shifted to clay traders web forum, in case you didnt see it....basically my outlook remains intact..
I tend to favor counting Elliott waves as one of my main tools. to get a sense of wave pattern targets and completion zones. along with the basic indicators like RSI/MFI /Slowstochastic, etc.... and te chart shows what the 'technical pullback zone might be now'.... this current rally wave started around 1.60, so a double for traders to take profit is right overhead at 3.20.... the more hyperbolic the bubbling froth becomes, the more it sets up a short attack pump and dump....
like what happened to PVCT and GALT

any hyperbolic move really is a dangerous thing to stay in at some point..... For early investors a few years ago.... this 3 dollar zone is a 10-bagger. already.
I just happen to be a careful trader/investor...not looking to rush into a late stage rally.... the time to buy was around 1.70 and 1.40 before that....and 25 cents a few years ago.

and maybe if it pulls back to the 2.00-2.30 area is where I will consider buying..... not at this top zone. but thats just me, not meant to be advice to others. I took some nice profit at 2.93 yesterday and I'm happy with that. CTIX is my best performer .