I respectfully disagree.
A reversal is in play, and after a brief corrective period I believe the next leg up has commenced. I don't believe JPM has anything to do with this price action, but a positive announcement will certainly help with the speed of the rise.
Today's close locks in a "golden cross" which many may have been observing while awaiting entry, and other more cautious observers that missed the bottom and came in late might be waiting for a break and retest of .140 for entry.
IMUGENE CHART. TA only, page-28618
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Last
5.7¢ |
Change
0.002(3.64%) |
Mkt cap ! $417.2M | |||
| Open | High | Low | Value | Volume |
| 5.6¢ | 5.9¢ | 5.5¢ | $1.176M | 20.89M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1135235 | 5.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.8¢ | 477220 | 6 |
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| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| IMU (ASX) Chart |