IMU

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5.2¢ imugene limited

IMUGENE CHART. TA only, page-21028

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Taureanbull

3,255 Posts.

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11/01/23

12:59

Post #: 65635042
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Originally posted by Arrr! ↑

Time for me to jump in with my biannual annual random commentary.

Here's my weekly chart. As you can see we're just poking our head above the resistance that goes back to November 2021.

Now here's the daily. As you can see the selloff in the 2nd half of December took us briefly below the support that goes back to June. But why?

Could it have been a tree-shake?

The big selloff on 16-17th December took us below the support from October (dotted/red line - current support level actually as of 3 days ago). We then spent a week around that level before another selloff took us below the support from June on 28th December. Could these both have been an effort to trigger any stop-losses based on those support levels, and mop up any sales from nervous investors when they were broken?

Who knows? Clearly this would be market manipulation so the ASX would never allow it.

At any rate: if this happened, whoever did it has now hoovered up any shares people sold based on those levels of support and won't be pushing the share price lower any longer. Any effort to find an even lower level of support has us going back to February 2021 when the price was on the way up. It's unlikely anyone has set stop losses or is basing their get-out plans on that.

So hopefully this means we're in a position to start moving up significantly.

Disclaimer: All my own musings, I'd like to hear your thoughts. I'm not a trader but hold for the long term. I've generally used charts as a good way to decide when to buy - but sadly, not to sell.

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Which would explain the drop in volumes going thru?

The new holders are happy, The nervous nellies have left the building. And the rusted ons aren’t going anywhere till payday.

IMU Price at posting: 16.3¢ Sentiment: Hold Disclosure: Held
56 Upvote

8 Great analysis

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(20min delay)
Last 5.2¢		Change 0.000(0.00%)		Mkt cap ! $382.1M

Open	High	Low	Value	Volume
5.2¢	5.3¢	5.1¢	$525.2K	10.13M

Buyers (Bids)

No.	Vol.	Price($)
3	92800	5.2¢

Sellers (Offers)

Price($)	Vol.	No.
5.3¢	1045565	9

View Market Depth

No.	Vol.	Price($)
1	70000	0.052
31	3304831	0.051
67	5510210	0.050
18	2192645	0.049
21	798435	0.048

Price($)	Vol.	No.
0.053	1045565	9
0.054	3292324	10
0.055	791261	7
0.056	2579035	12
0.057	509484	7

Last trade - 16.10pm 23/08/2024 (20 minute delay)

IMU (ASX) Chart

IMUGENE CHART. TA only, page-21028

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IMUGENE CHART. TA only, page-21028

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