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2.46%

6.0¢ imugene limited

Solid day today second day of higher highs and higher lows and...

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h00ts

46,533 Posts.

8675

23/04/24

16:26

Post #: 73480277
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Originally posted by h00ts ↑

The shorter the time scale chart the earlier the entry and exit signals are triggered so you need to pick a point in time where a trend change on the daily chart is most likely to occur.

The current bounce is coming off way oversold RSI and approaching an old unfilled breakaway gap. The chart below shows a buy signal on the 30 min chart that coincided with the oversold RSI on the daily chart at a point where a bounce would be considered likely to happen.

Conversely have a look higher up the chart where I have shown the whipsaw area where the 9 & 21 EMA,s crossed from buy to sell multiple times while the stock was trending sideways . This is day trader landscape where you need to be sitting in front of the screen all day and have a super fast reliable software package and a reliable broker platform.

When I am day trading indexes or commodities I use a 5 minute time scale chart .
Investors should stay focused on the daily time scale chart ( IMO)

View attachment 6123197

Daily

View attachment 6123206

Expand

Solid day today second day of higher highs and higher lows and closed above the old double bottom support zone.

IMU Price at posting: 8.5¢ Sentiment: None Disclosure: Not Held
20 Upvote

1 Great analysis

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(20min delay)
Last 6.0¢		Change -0.002(2.46%)		Mkt cap ! $439.1M

Open	High	Low	Value	Volume
6.2¢	6.4¢	5.9¢	$723.2K	11.94M

Buyers (Bids)

No.	Vol.	Price($)
30	1101074	5.9¢

Sellers (Offers)

Price($)	Vol.	No.
6.0¢	851386	9

View Market Depth

No.	Vol.	Price($)
30	1129462	0.059
13	1258471	0.058
13	1421125	0.057
18	1713992	0.056
31	2655327	0.055

Price($)	Vol.	No.
0.060	808764	7
0.061	792108	16
0.062	860057	5
0.063	485850	5
0.064	584803	8

Last trade - 14.45pm 06/06/2024 (20 minute delay)


Last 5.9¢			Change -0.002 ( 4.53 %)
Open	High		Low	Volume
6.2¢	6.4¢		5.9¢	4280680
Last updated 15.06pm 06/06/2024 ?

IMU (ASX) Chart