IXHL
Incannex Healthcare Limited
stock NASDAQ ADR

IXHL chart action is bullish for now

why is IXHL pumping?

https://preview.redd.it/7w21m8agyyug1.png?width=1830&format=png&auto=webp&s=073d20881b14613cd60b16c12f9cafa4116c5bcc
yes, yes I know this stock has fucked a lot of you in the ass like right now, but this thing is going to go with the float so low and hovering ATL. this thing has been sitting at all-time lows for like 2 weeks, it’s about to be ready maybe in the middle of the month. but for right now if it can flip $3.70 and make that the floor we got another run to $5.30 with ease.
on top of that, $IXHL sitting around $3.00 is honestly where risk starts to get interesting because you’re basically buying where sellers are exhausted. the volume has dried up, panic already happened, and now it’s just waiting for a catalyst or even just momentum to come back in. low float names like this don’t need much to move, and when they do move, they move fast. people forget how quickly these things can double once attention comes back.
if buyers step in and reclaim key levels, shorts get trapped and it turns into a squeeze situation really quick. plus, if the company drops any decent news, it’s not going to take much for this to get back into that $5+ range. at these levels, it’s less about chasing and more about positioning early before the crowd piles back in.
Im locked not selling till 52-week highs are snagged