Quote:Since the start of the year, Innovation Pharmaceuticals has rallied by more than 200% having turned bullish after a rollercoaster first quarter. A spike past the $0.40 resistance level has opened the door for the stock to make a run for the $0.60 mark, the next substantial resistance level.
A takeout of the $0.60 resistance level could give bulls a reason to continue pushing the stock higher in continuation of the emerging uptrend.
https://insiderfinancial.com/innovation-pharm...es/178802/
link above forwarded to me by another IP investor .. reason I am noting the above
is the timing .. of IPIX's next 52 week high reset
should go from this ..
07/24/2018 0.571 0.6 0.565 0.58 194,596
07/23/2018 0.57 0.6 0.55 0.571 229,448
to this ..
09/07/2018 0.39 0.5805 0.371 0.565 274,968
1.17 divided by 2 = 5850 (5805 close enough)
reminder .. NR worked this
52-Week High
12/06/2017 1.17
52-Week Low
06/21/2018 0.325
Price Performance (Last 52 Weeks)
08/06/2018 -46.14%
to this ..
52-Week High
07/23/2018 0.60
52-Week Low
12/31/2018 0.07
Price Performance (Last 52 Weeks)
07/19/2019 -78.33%
NR has an interesting dilemma .. with today's news (and imo a sequence of
material events will be en route out of mgmt over the coming weeks) ..
NR needs to make IPIX back into a *trading* stock (circa 9/2012 - 12/2014)
hmmmm
curious to see the rest of this week's *volume* (sans news out of IP)
4kids
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