A quiet week on the chart plot & everyone should be feeling a little more relaxed, perhaps.
With the average true range (ATR) at just .0024 there is little in it for the intra-day traders & by the time the market maker takes a pip either side of the trade all that is left is brokerage to pay still & why @slick et al head for greater volatility somewhere else.
The 65-period simple moving average of the daily closing price is my sentiment indicator & the extreme end of it shows where the market is trading in relation to the average over the last three months of data & we can see that buyers are starting to bid more than they were back in April to June. If this continues & the price gets above the SMA, the indicator will start to rise meaning buyers are willing to pay above the average value & the trend will rise.
Trend lines can be drawn on the moving average of volume when unsure about what is truly happening.
I know what I will do next week, I just have to try & figure out what the other 26,999 shareholders will.
Good luck & IMO
IMUGENE CHART. TA only, page-33976
-
- There are more pages in this discussion • 847 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add IMU (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
4.8¢ |
Change
-0.002(4.00%) |
Mkt cap ! $356.9M | |||
| Open | High | Low | Value | Volume |
| 5.0¢ | 5.0¢ | 4.7¢ | $2.298M | 47.86M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1925982 | 4.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.9¢ | 3452098 | 12 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| IMU (ASX) Chart |