Reversal_Edge
Oct 23, 10:13 AM
$IGC Speculative Trade: Potential bottom setup at
$0.2368?
Watching this level closely for a possible technical reversal 📈
🔹 Stock is testing the recent lows around
$0.24 — potential support zone
🔹 Management agreed to take shares at
$0.27 to settle ~
$1.15M owed, rather than take cash
🔹 Recent offering at
$0.30/share
🔹 Another issuance at
$0.29/share and a prior transaction at
$0.34/share provide additional reference points
🔹 Q4 2026 Phase 2 CALMA topline results expected for IGC-AD1, targeting agitation associated with Alzheimer’s disease
Still watching — cash & dilution remain a risk, and clinical results are uncertain. But this is a level I’m watching for a potential risk/reward bounce before the Q4 catalyst. Have to let the chart confirm it first 🟡
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