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Innovation Pharmaceuticals IPIX
Posted On: 12/14/2012 12:30:29 PM
Post# of 72446
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Posted By: TOB

Wave 3 CTIX targets

Assuming $1.36 holds as the low and Wave 3 behaves like Wave 2

Target#1: $2.00

Target #2: $2.20

Target #3: $2.30

Note that Wave 2 hit target #3 (Within a penny is a hit)

Should Wave 3 be a bit weaker, or not.

Interim targets are

A: $1.60

B: $1.74

But CTIX is in a parabolic rally so I called the stronger targets 1,2 & 3 which were all hit for Wave 2 and make the same call for Wave 3

Note that my Wave numbering is my own, targets rounded, and starting from the pullback, so rally continuation waves.

We need to break above Key Resistance at $1.50. It is promising we already touched it today, and already have above average volume at 11:19am CST














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