IMUGENE CHART. TA only, page-13073

An interesting perspective that we are just waiting on NASDAQ Biotech Index (NBI) to decide where to go. But if you look at the chart structure of Silver, the Index is just following what Silver did in the past and backtesting the support levels. How is this related to IMU? I can give you a few reasons.

1) IMU is a biotech company
2) IMU has major partnerships with companies that fall into this index (Merck, Pfizer, etc.)

Still not convinced? Now if you refer to the 2nd chart. To do it logically, I have to put IMU on non-linear scale due to it being a penny stock in the past years. IMU's support level is in an uptrend style, but it is what it is. But the major thing is IMU is just backtesting its support level just like NBI is doing at the moment.

So, some may ask what are the chances of it falling? Well, maybe we need to take a step back and understand why NBI was up... Obviously, it was due to COVID in 2020 - 2021. Vaccines were rolled out. Companies like Pfizer, Astrazaneca, etc. went on a rise in stock prices. Soon after the peak reach when everyone had their 3rd doses and borders are open. Everything back to normal, yay! These NBI investors then fear these revenue stream will stop, hence NBI falls.

So, back to the question above. I cannot guarantee an answer but my gut feeling is we will see a bounce. This is especially with the recent narrative that we might need a 4th dose of vaccine (https://edition.cnn.com/2022/03/13/health/pfizer-vaccine-4th-dose/index.html) and the Son/daughter/grandkids of Omricon

What are everyone's thoughts and sentiment after reading this? I am feeling good for sure and reckon this is the bottom.

Remember this is not financial advice, but just sharing my thoughts on the bigger perspective. We always want to make a quick $$, but patience are always rewarded.