IMU 3.77% 5.1¢ imugene limited

IMUGENE CHART. TA only, page-30374

  1. 125 Posts.
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    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..

    https://hotcopper.com.au/data/attachments/5999/5999664-9775a484ee67aea128adb2b6984179df.jpg


 
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Last
5.1¢
Change
-0.002(3.77%)
Mkt cap ! $373.3M
Open High Low Value Volume
5.2¢ 5.2¢ 5.0¢ $669.7K 13.07M

Buyers (Bids)

No. Vol. Price($)
6 1074997 5.1¢
 

Sellers (Offers)

Price($) Vol. No.
5.2¢ 1209633 6
View Market Depth
Last trade - 16.10pm 05/07/2024 (20 minute delay) ?
IMU (ASX) Chart
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