IMU 0.00% 5.2¢ imugene limited

IMUGENE CHART. TA only, page-34023

  1. 743 Posts.
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    debunk away... not really necessary as I see this discussion as 'miss communication or understanding', only 30% of communication is verbal, it is hard to discuss in detail via a keyboard, give me a white board and you'd all agree with me in 10minutes!
    The biggest point to raise here is timeframes, are you ST, MT or LT investor or trader? I have no idea of Fid and wednesday's timeframes, but I know that slick uses short timeframes. So 65 sma or ema simply does not and will not work (I will explain in a sec). I have mention previously I use to STT this, but went long on numerous stocks to get out and enjoy my early retirement, so I don't need to watch the 5min or daily charts now (except the last few days raining).
    The chat may have merit and has been a good 4 trades, but in my opinion you'd be late to the party by approx 30days on the buy and sell side.

    So, for others knowledge.
    SMA, is equal weighting of the timeframes selected. e.g. 5 is 5 days of information all at 20%, 8days is 12.5% each and 65days is 1.54% equal weighting. This make the MA move slow, flat and smooth.
    EMA, still uses the full timeperiod (e.g. 5 or 8 or 65days) but it does not have equal weighting, it is baised to the later few days (I used to know in the 90s when I studied it how many, but forgotten, learnt to accept it, wednesday might know with her above average knowledge?). So for example, 8days uses a smaller percentage for 3 days, then higher for the next 2, then heavy for the last 3, thus it makes the line move faster. So wrt the 65 day example, it would bias the last 30 odd days and makes the MA move much faster and is often not smooth.

    So the S v E on a chart can be very useful to pick the SP turn points. Back to above discussion. Fid has suggested 65 days SMA and EMA, this will be good for LT investment, it will smooth out all of the daily noise and look for key investment points. slick on the other hand needs to look to ST, he needs to be in and out of a stock within 5days generally (not trying to speak for slick, just in general as a ST trader). So in this case 20s v 8e works best (some 21 v 9).
    Summary, AIMO, not advice.
    ST (1d-1mon) 20s v 8e. Typically 5min, 15, 30, 1hr, or daily charts
    MT (1m-12m) 20s v 8e still or 50s v 20e-ish, this will help pick your entry point. Oh and weekly charts work well too.
    LT (>12months) 65s v 65e will work, or most use 200s v 50s (or 50e). Monthly charts can be used, but slow.

    So in my opinion only, for me I went long at 10c as this on the long term chart is a typical trend area for IMU (cycle). Now the SP is obviously below, I could have sold but I really am not bothered as I have put more weight on FA and expect data by years end as stated by LC (then get the tax offset over 1 yr held). If this doesn't occur, then I'll be piss'd.
    But for my trading stocks; gold, silver, li, etc, I use 20 and 8. 65 simply WILL NOT work. I would be late to every party and loose to many trades.

    All should remember, the KISS principle and find what works for them. If 65 works for Fid, great, and slick use 8 v 20 great. At the end of the day, variety on HC threads helps, boring if we are all the same (and especially if we all then get it wrong!). Many ways to skin a cat, I just narrowed it down over the last 25+yrs to find what works for me and is quick and easy to read. Can glance a chart and read it in 3seconds.

    Hope that this makes sense? Best wishes to all.
    IMU chart observations below.
    Note the retest of 05s in Jul, then early Aug, then failed to test the top at 06 again. This is normally not good. if it keeping testing a level (up or down, eg gold tested 2480 a few times and broke out on friday to 2500) it typically breaks, so in this case as I said previously it could test 049, but more importantly 039. The SP needs a catalyst to pump this thru 06.
    RSI and MACD undecisive. Volume dropped yet again over the last 3 weeks.

    https://hotcopper.com.au/data/attachments/6394/6394482-d4be3c28130653bcd3ebdbd303830a28.jpg

 
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5.2¢
Change
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5.3¢ 5.6¢ 5.2¢ $735.1K 13.70M

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22 3131146 5.2¢
 

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Price($) Vol. No.
5.3¢ 151349 3
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Last trade - 16.10pm 20/08/2024 (20 minute delay) ?
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