Replies to post #197522 on Innovation Pharmaceuticals Inc (IPIX)

[BooDog]

I see the wedge forming again, as well as the bollingers starting to come in again as well. I've been busting on a couple others setting up some cash for this puppy. Just about ready. But I think many are waiting for news. Whatever that may be at this point. Certainly holding what I have here. Liking the .73 line, and like most, hate sideways if I was looking for just trading. .68 - .78 channel. Just ping ponging on low volume........................... sleeper status just about the whole month huh?

What will wake this sleeping giant of a bio?

$IPIX

[run256]

see the light, watch light, come to the light.... i am blinded !!!!

[BooDog]

BULLISH. Starting to curl on the lower Bollinger. Bring on the .80's and the 4th quarter catalysts anticipation. Then the rally monkey.

In reply to;

I think as a technical pattern developing now, if price continues to move in technical manner,like it has for weeks now, I'd expect to see a struggle overcoming resistance as soon as it hits 80 cents, and all points between 80 and 96 cents. The bullish demonstration would be to see price climb to that resistance zone (.80-.90) where the selling attack should come, and then withstand that selling attack by Holding support in the mid 70's,and falling no lower than where we are now.so that buyers can feel confident that the 70's will hold, and they take it higher in a follow thru rally to the .95-1.05-1.15 target zone.

The pattern that was developing in those other surging rallies, like this one to come, has the same retrace target zone that needs to hold (Fibonacci) support,which is the 80's, not the 70's.
so theres some work ahead for the bullish pattern to achieve. and the more critical battle is yet to come ,in the .80's
Right now, that battle is waiting. for the 70's to show strength.

Me;

I see the wedge forming again, as well as the bollingers starting to come in again as well. I've been busting on a couple others setting up some cash for this puppy. Just about ready. But I think many are waiting for news. Whatever that may be at this point. Certainly holding what I have here. Liking the .73 line, and like most, hate sideways if I was looking for just trading. .68 - .78 channel. Just ping ponging on low volume........................... sleeper status just about the whole month huh?

What will wake this sleeping giant of a bio?

$IPIX