Just to add further clarification my RSI comment was part of the explanation as to what transpired with yesterdays candle going from solid green body to a gravestone Doji to end with a bearish inverted hammer. The top of the wick where the buying climaxed was at the time it was about to go above the technical overbought RSI 70 .
RSI is a lagging indicator and overbought can get overboughterand it can stay even up to as high as 100 sometimes for extended periods of time and should never be used as a primary sell indicator - Trailing stops are something that should be considered as a stock gets up in the 70 - 100 zone ( IMO)
To muddy the waters the stock is also trying to regain the EMA after a solid run up from its lows
IMUGENE CHART. TA only, page-16770
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Last
4.6¢ |
Change
0.001(2.22%) |
Mkt cap ! $342.1M | |||
| Open | High | Low | Value | Volume |
| 4.5¢ | 4.7¢ | 4.5¢ | $906.2K | 19.67M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 9543864 | 4.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.6¢ | 1266571 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| IMU (ASX) Chart |