Replies to post #74328 on Innovation Pharmaceuticals Inc (IPIX)

[TOB]

CTIX Daily chart, mid-day look.

Yesterday pierced the Bull Pennant and 3.00 resistance.

So far today, pierced the Bull Pennant and 3.00 again on increased volume. Already above average for the coiling period, but only 10:38am CT.

Upper trend line pierced, lower trend line of higher lows intact as the Pennant morphs into an ascending triangle.

Looking good for another leg up. Most of these coils have resolved in rally continuation for CTIX historically.


CTIX Daily Chart at mid-day, click to enlarge.

[Ringrock]

close... 3.08