IXHL Weekly.Less is more;
Breakout with volume
Retracement without volume
Red Line comes from the Monthly Chart
Not financial advice.
Good luck.
IXHL trade ideas
IXHL - long - psychedelic research pharmaceutical companyIncannex Healthcare Inc is a clinical stage pharmaceutical company developing medical cannabis products for the treatment of Obstructive Sleep Apnea (OSA), Traumatic Brain Injury (TBI)/Concussion, Rheumatoid Arthritis, Inflammatory Bowel Disease, and Inflammatory Lung Conditions. The company has an Australian license to import, export, and distribute medicinal cannabis products and has launched a line of cannabinoid products.
This is not a financial advice!
Upcoming catalyst on 31st. of March
We need to stay in a bullish overal sentiment of the market. If we see a corretion, this play might doesn't work.
Only 15.83M Shs Float
Keep an eye on 5.0 level, needs to get broken for a further upmove.
I expect a pullback to 3.7 area, where u can enter a trade
SL under 2.8
TP approx. 8.5
Most info on the chart.
Trade carefully!
significant move soonLess is more.
Anticipating a significant move soon.
I predict the PSIGAD readout will be announced between this Friday and Tuesday. Wishing everyone good luck
