Price Will Begin to Increase in Sept., page-27

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29/08/18

11:03

Post #: 35259197
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Originally posted by DeeTrump ↑

I have again reviewed this stock because of feedback negatively commenting on my prediction of $1.10 before the end of the year.
Important to note is the current contraction of the Bollinger Bands; a squeeze precedes an explosive burst. This breakdown will likely occur in the next 2-6 weeks.
I reviewed the price action over 5 years. SP reached a high of 70c retraced to 14c (Elliot wave A) before returning to 70c (Elliot wave B) in 2017 and then went on a sharp decline to 14c (Elliot wave C). Since then we have had a new wave (3) begin in March 2017 from 14c to 60c, a 61.8% retracement (60-14=46 (46 X 61.8 = 28.5) to 28.5 and now we are starting a wave III of wave 3, a very bullish impulse wave where the success of this business will be readily understood with clear supporting fundamentals.

In this current wave (3) sub wave 1 was a gain of 46c. 46 X 1.618 = 74.5. From the low of 28.5 add 74.5 = $1.03.
Wave 1 achieved 56c (70 - 14) therefore 56 X 1.618 = 90.5. 28.5 + 90.5 = $1.19.

For those who cannot follow the details, look for a minimum of $1.03 or more likely $1.19 in the next few months.
One more thing, previous corrections have been savage. By the rule of alternation the next correction will be shallow. In short: if you miss this ship before it sails you will not be getting on board anywhere near current prices.

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SO what about some negative news? if (hope not) some disappointing news on the NASH partnership out, do you still think your charts will go your way of $1.10?
Again not arguing with you, but keep saying $1.10 when share price can't even break mid 30s is kind of awkward.

IMC Price at posting: 33.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 7.5¢		Change -0.003(3.85%)		Mkt cap ! $17.18M

Open	High	Low	Value	Volume
7.7¢	7.7¢	7.5¢	$5.59K	73.54K

Buyers (Bids)

No.	Vol.	Price($)
2	16083	7.5¢

Sellers (Offers)

Price($)	Vol.	No.
7.6¢	6857	1

View Market Depth

No.	Vol.	Price($)
2	16083	0.075
1	20000	0.074
3	27698	0.073
1	125000	0.072
2	130000	0.071

Price($)	Vol.	No.
0.076	6857	1
0.085	77613	2
0.086	147746	1
0.088	96511	2
0.099	1300	1

Last trade - 15.31pm 05/11/2024 (20 minute delay)

IMC (ASX) Chart

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