29-Feb-2024 : Keeping it Simple with Price Action & Technical Analysis.
My follow-up update on IMU;
That post I did back at the start of Jan'24 explaining my analysis of why I entered into IMU around .105, turned out to be a nice educated entry.
It has been a patient position, but the strength in the charts has kept me in.
2-Jan-2024 : https://hotcopper.com.au/threads/imugene-chart-ta-only.5967260/?post_id=71698843
Here is looking at IMU's 2-Day chart, and what I feel about it now..
- IMU made a surprising jump back in Nov '23, and within a week gained almost 250%.
- It has made a healthy correction since and first found support at .38 Fib level, and then at 0.5 Fib level.
- We then saw a big Bullish engulfing candle as a show of strength in start of Feb'24, and as we can see... the price hasn't closed below half of that bullish candle since then.
- In fact, we have seen the price trending UP along the dotted green line, inching towards the immediate big resistance at .786 level.
- This is a close call now and can go either way, but the strength we see on RSI should make the bears a bit nervous for sure. I won't be even surprised if the stock gapped up in the next few days taking everyone by surprise again.
I hold the stock and my analysis can have mistakes and may be biased. DYOR and don't trade without a stop-loss.. This one needs a bit deeper stop-loss..
Happy Trading..
IMUGENE CHART. TA only, page-30374
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Last
5.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $404.2M |
Open | High | Low | Value | Volume |
5.6¢ | 5.7¢ | 5.5¢ | $379.9K | 6.840M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 1581916 | 5.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.6¢ | 680013 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 1581916 | 0.055 |
18 | 2110762 | 0.054 |
19 | 3200677 | 0.053 |
21 | 1960514 | 0.052 |
21 | 1582344 | 0.051 |
Price($) | Vol. | No. |
---|---|---|
0.056 | 680013 | 6 |
0.057 | 2073020 | 14 |
0.058 | 213000 | 4 |
0.059 | 492000 | 5 |
0.060 | 1402780 | 14 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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IMU (ASX) Chart |