Well that's May gone, done & dusted thank goodness.
The last session for the month was unusual in that 10c was totally rejected in the first 38 minutes of trading.
Across both platforms there were 1080 trades of 20,944,917 units and of those only 2 trades of 18,880 units were for 10c.
Take from this what you will but imo and experience when a price level is rejected in such a manner either at a top or bottom it is significant.
The plot shows an increase in volume from the last few months and I would posit that this is capitulation.
The MACD histogram is rising while price is falling hence a divergence is in play.
dyor, imo and all that
IMUGENE CHART. TA only, page-23436
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Last
6.0¢ |
Change
0.004(7.14%) |
Mkt cap ! $431.8M | |||
| Open | High | Low | Value | Volume |
| 5.6¢ | 6.0¢ | 5.6¢ | $920.3K | 15.69M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 666447 | 5.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.0¢ | 881469 | 18 |
View Market Depth
| Last trade - 14.26pm 20/06/2024 (20 minute delay) ? |
| IMU (ASX) Chart |