Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. Stock Boards ›
  4. Innovation Pharmaceuticals Inc (IPIX) Message Board

CTIX Daily Chart The PR rally appears to h

Message Board Public Reply | Private Reply | Keep | Replies (2)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 72446
Posted On: 12/06/2012 7:08:00 PM
Avatar
Posted By: TOB



CTIX Daily Chart



The PR rally appears to have slowed down, with yesterday making a Doji (good call vip1999) and today testing support @ $1.18 and closing just below.



We see some typical CTIX rally price action which I've highlighted with blue ovals and red arrows.



1. A break above long-term resistance at $1, followed by a red bar and a drift back down to $1 which served as support for 9 days. Followed by a drift down to the green diagonal trend-line.



2. A break above $1 which had flipped back to resistance, followed by a red bar and a drift down to $1 , and then followed once again by a drift down to the green diagonal trend-line.



3. A break above resistance at both 1.11 & 1.18 resistance lines, followed by a doji, and then a test of resistance as possible support. I've placed a ? at 'up-fractal', as this is not yet confirmed. Notice the high was within 2 cents of my 100% Wave 2 target $1.25 (2 or 3 cents either way is as close as one expects.)



Notice in all this price action how strong the green diagonal trend-line has been as a buy area. No single day has closed below this line since September. A rally pattern of higher lows. This trend-line also coincides with the 50 Day MA, a common signal for Technical traders.



Note I've added a yellow 9 day MA. We see each of the two rallies of 2 or three green bars which leaves the yellow 9 day MA leaving a space, and with a following red bar, drift down to test the green diagonal trend line on lower volume.



Very orderly price action for CTIX to date. This #3 has the look of a completed Wave 2 rally, which if that is the case can be expected to drift down to the green trend line. (But not yet confirmed)



Notice that today the green trend line crosses $1. So any test of the line should be above $1 in coming days, and the first key test would be support at $1.11. The yellow 9 day MA will meet $1.11 soon if there is a decline, so it is possible this will serve as the next low instead of the green trend-line. This would be consistent with the gaining strength of CTIX, and the break-out condition. Time will tell. Patterns are suggestive, not destiny.



Keep in mind for the price action to remain orderly, we need a period of low volume without a PR or significant media/blog/report exposure. CTIX is a low volume news/rumour driven OTC stock, so any such event blows orderly price action out the door.



TA is meant as commentary, and an aid to choosing logical buy and sell points, not as prediction.






(0)
(0)




Innovation Pharmaceuticals Inc (IPIX) Stock Research Links


  1.  
  2.  


  3.  
  4.  
  5.  






Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us