IMU

5.08%

6.2¢ imugene limited

IMUGENE CHART. TA only, page-30376

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AlCp

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01/03/24

00:51

Post #: 72683503
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Originally posted by Asxcharts ↑

29-Feb-2024 : Keeping it Simple with Price Action & Technical Analysis.

My follow-up update on IMU;
That post I did back at the start of Jan'24 explaining my analysis of why I entered into IMU around .105, turned out to be a nice educated entry.
It has been a patient position, but the strength in the charts has kept me in.
2-Jan-2024 : https://hotcopper.com.au/threads/imugene-chart-ta-only.5967260/?post_id=71698843

Here is looking at IMU's 2-Day chart, and what I feel about it now..

IMU made a surprising jump back in Nov '23, and within a week gained almost 250%.

It has made a healthy correction since and first found support at .38 Fib level, and then at 0.5 Fib level.

We then saw a big Bullish engulfing candle as a show of strength in start of Feb'24, and as we can see... the price hasn't closed below half of that bullish candle since then.

In fact, we have seen the price trending UP along the dotted green line, inching towards the immediate big resistance at .786 level.

This is a close call now and can go either way, but the strength we see on RSI should make the bears a bit nervous for sure. I won't be even surprised if the stock gapped up in the next few days taking everyone by surprise again.

I hold the stock and my analysis can have mistakes and may be biased. DYOR and don't trade without a stop-loss.. This one needs a bit deeper stop-loss..
Happy Trading..

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It was looking very shaky until 2 massive swipe early Monday and late yesterday and the market is reacting positively to the US PCE just released. This might be the catalyst to finally break 13c....???
IMU Price at posting: 12.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 6.2¢		Change 0.003(5.08%)		Mkt cap ! $455.6M

Open	High	Low	Value	Volume
5.8¢	6.5¢	5.7¢	$1.751M	28.44M

Buyers (Bids)

No.	Vol.	Price($)
6	660964	6.1¢

Sellers (Offers)

Price($)	Vol.	No.
6.2¢	549788	5

View Market Depth

No.	Vol.	Price($)
4	320000	0.061
8	435316	0.060
2	165000	0.059
7	1686333	0.058
6	1100000	0.057

Price($)	Vol.	No.
0.064	100000	1
0.065	428308	6
0.066	1116000	5
0.067	1247888	2
0.068	3350000	5

Last trade - 16.10pm 30/08/2024 (20 minute delay)

IMU (ASX) Chart

IMUGENE CHART. TA only, page-30376

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IMUGENE CHART. TA only, page-30376

Top Stories

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WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

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Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

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Featured News

Buyers (Bids)

Sellers (Offers)

Featured News