IMU Technicals - Breakout of range on significant increase in volume, page-89

I am with your thinking, @Footmax.

330m shares traded today
140m shares on Friday
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470m Shares In just two days
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With Total of 3.6billion shares on issue.

Equals a two day turnover of 13%

If this is kept up, the total share register will be turned over in 3 short weeks!

Who says, 3.6b shares is just to many on issue? The market capital is what counts and IMU MC is still only AUD120m/ USD82m. Very easily digestible to any Big Pharma.

In my mind, the two day trade volume signals some serious usual activity, perhaps:

1. New fund manager/s entering positions or existing FMs topping up;
2. Insto’s including big pharma taking a stake ahead of good results and potential deal;
3. Serious FOMO setting in with retail and wholesale investors; or
4. Leaking of future good news... Her-Vaxx phase 2 is open label after all.

Or a combination of the above.

Combining this huge surge in volume with a 44% in the sp (over two days) is likely to bring even more new eyeballs assessing IMU as a potential new trade and/or investment.

According to HC, IMU was the: (refer attached)

- 3rd best GAINER for today; and
- 5th MOST DISCUSSED stock

If this unusual surge in volume and sp doesn’t warrant a speeding ticket from ASX, I don’t know what should. A Spending ticket can actually be good news....brings more attention (maybe some more media reports) and eyes balls on IMU.