Short Term Trading Weekend Lounge: 7 -9 Apr, page-99

STTCOMP IMU, TA LONG
SP: 1.7c
MC $38M
Cash: $6M

Imugene Ltd.  Faintest sign of breaking a downtrend on Friday with some reasonable volume.  Probably not strong enough for a pure technical play, but the other factors at play here are a recent option expiry at 1.5c (end of March).  Doesn't seem  a lot of overhang, assisted by many of the options falling to underwriters (Platinum being one of them).   I find it interesting that price has drifted down to just above strike price, and that the underwriting agreement was announced just one day prior to expiry ensuring the underwriters were filled.  With cash in the bank and shares in strong hands,  this small technical sign could be more significant than it may appear.