Ooops, sorry about that, missed it amongst all the "violin" posts.
To me the daily is not painting a very nice picture as the SP has broken so many levels of support. All that's left for me is that 200ema (light blue). But what is still impressive is the daily range on offer. (except today so far).
Look IMU is trading completely different now to what it was 4 months ago due to many macro and micro reasons and I'm still trying to get a handle of it. When most support levels are broken it's hard to stay motivated as it should be left alone until there is a confirmed reversal but the daily range is still there to trade.
So to answer your question, if it breaks .40 again I don't think means much technically, that 200ema is the key below. Hopefully we will be past this Christmas/New Year churn very shortly as early in the new year normally sees a bit of bullish buying on optimism and a fresh new year. Let's see.
Cheers
IMU Price at posting:
40.0¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)