IGC: Price rejection after gap up (Red Candle)Higher price rejection after spike and gap up
May want to fill the gap
If confirmed
PT1 = 1,66
PT2 = 1,01
PT3 = 0,70
IGC trade ideas
FDA Approves Initiation of IGC’s Cannabinoid Trial on AlzheimerFDA Approves Initiation of IGC’s Cannabinoid Trial on Alzheimer’s Patients
IGC Announces FDA Removal of Clinical Hold for Multiple Ascending Dose Study of IGC-AD1, Targeting Patients Suffering from Alzheimer’s-related Dementia
(FDA) notified IGC that it has authorized the Company to initiate a Phase 1 human trial study for the Company’s investigational cannabinoid formulation for the treatment of patients suffering from mild to severe dementia due to Alzheimer’s disease.
After the completion of administrative tasks, the Company plans to begin enrolling patients suffering from Alzheimer’s-related dementia for a 12-subject safety Multiple Ascending Dose (MAD) Study. The Company believes that the FDA’s approval of the initiation of the Phase 1 trial is a significant next step in IGC’s efforts to develop a potential therapy for treating patients suffering from a devastating disease.
"We believe that this a first human trail of this sort,"
Currently, there is no cure for Alzheimer’s disease.
finance.yahoo.com
IGC: In the middle of our range According to our ascending triangle, hard resistance is 75 cent while hard support is 52 cent. That's all u need to know just buy or sell accordingly
IGC: uptrend still in track? Barely?Looks like uptrend is still in tact. We wanna see a hard bounce up monday though.
IGC: launchpad into gainsvilleThis ascending triangle will be our launchpad to the moon. Who's with me? I dont think I would want to see the price go lower than 53 cents
IGC Low cap with High UpsideDaily trend change confirmed, with the sudden surge in the MJ sector I will be looking for a weekly trend change and taking entries
Nice Little Stock To Gamble OnCompletely flat at 1.00. Highly manipulated and insiders stand to benefit from any increased sentiment. Don't bet the ranch
Are pot stocks waiting to explode again?IGC looks to be forming a bottoming pattern in the bottom side of the channel. IF it moves up without breaking the channel to the downside, we should see a strong spike up. Lets see!
Another high R/R - stock seems to be gearing up for lift-offA little inconsistent with a possible market crash - but this is what the patterns see - lets see what happens.
IGC round 2 firts call was breakout from 0.83 to 2.43
now back to the 1.11 1.18 support area possible bounce from here Stop loss must be place a fail here and will try to break under 1 $
Do not trust the move: SHORT
Classic bounce into resistance (bag holders) after half-way point bounce.
Of course it could break through, and create a massive squeeze, but we are talking a shit ton of volume would have to come in to overwhelm.
Short all the way to gap-fill
IGCEvery singe indicator show a oversold trend
80 support been holding nicely could be the bounce point
sl recomend under if you are no going long
acumulation zone 80 83 area
trigger for pump 90 cents
targets 1.16 1.33 1.70 heavy ressitence area 2.22 and 3.00
high risk trade high reward
extreme volatility
trade reward ratio 44% to 250 %
rsl could be place under 80 78 level area
next support bettew 67 51
Based on the weekly rsi and pattern trend will bounce over 1 $ in the next days or weeks
happy trading
IGCHalted for news- if Bullish buy higher low and ride next price cycle
Goal of trader- identify new trend as soon as possible and ride it as long as possible
IGC High Flying Days are over, where is good CCI entry?India Global Capitalization days of high flying money pumped in and out are over, so the question is what signal is best for watching for opportunities?
Thoughts: Set CCI to 110 on chart and review as needed. Does anyone use CCI for entries along with charts? Let me know your best practice, in case adding candlesticks for hammer up/down, volume, etc.
