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may be accumulating IMU strategically Why would they do this....?

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mrdingo

3,995 Posts.

1126

19/05/24

17:31

Post #: 73901584
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Originally posted by redbacka: ↑

Below is an Ichimoku Chart with Volume Profile at the left-hand side. If you don't know anything about Ichimoku, go here,

I've noted in the past that somebody/bodies may be accumulating IMU strategically at low points of down trends. Most recent example appears to me to be on 19/22 April. Volume fingerprints are on these points. Doesn't mean that the ordinary retail investor should follow suit.

I'd want to see a more bullish chart than the one above to add to holdings.

Back to the the Chart. It is dreary, to say the least.

Tenkan Sen below the Kijun Sen - both heading down. Bearish readings. The whole chart is headed down below the Kumo Cloud. Below the Kumo - bearish, above the Kumo - bullish.

Point of Control (long narrow grey rectangle on Volume Profile) is a level at which heavy volume has come into the market.

That Level may provide support for a short-term move to the upside. That idea is supported by the positive divergences on indicators. Not always reliable.

But the overall chart is bearish. We may get a relief raly here - but so much resistance to overcome in the long-run.

As I said before - dreary.

Good luck
RB

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may be accumulating IMU strategically

Why would they do this....?

IMU Price at posting: 7.2¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 6.0¢		Change 0.001(1.69%)		Mkt cap ! $439.1M

Open	High	Low	Value	Volume
6.0¢	6.1¢	5.8¢	$1.072M	18.07M

Buyers (Bids)

No.	Vol.	Price($)
2	25799	6.0¢

Sellers (Offers)

Price($)	Vol.	No.
6.1¢	17344	1

View Market Depth

No.	Vol.	Price($)
2	25799	0.060
3	500000	0.059
12	972875	0.058
15	1426878	0.057
17	1741276	0.056

Price($)	Vol.	No.
0.061	17344	1
0.062	1392807	3
0.063	1810181	8
0.064	310883	7
0.065	939557	9

Last trade - 16.10pm 10/06/2024 (20 minute delay)


Last 6.1¢			Change 0.001 ( 2.37 %)
Open	High		Low	Volume
5.9¢	6.1¢		5.8¢	7197252
Last updated 15.59pm 10/06/2024 ?

IMU (ASX) Chart