Hot Copper Charting and Chat, page-184

Hi @Thrash , I've been watching IHL myself for a few days but I never entered as initially those two bars I've circled in red indicated supply and sure enough since then IHL has struggled to get above that 27 area (apart from one occasion). I do notice though that the red down bars, particularly the most recent, are narrowing in spread and volume which indicates to me that these bars are weak and there is demand for this stock to hold the price up.. If you're into pattern recognition there is also an equilateral triangle forming. I think the important aspect of this chart is that resistance at 27 which has to be broken for any sustainable upmove..