On Friday 14 April we saw a big increase in supply (big volume on downside move). That was quickly bought up - big volume on upside move - on Monday 22 April.
This time around on Thursday 10 May, again at the low end of a down trend, we saw a big increase in supply. Not as marked as the mid-April example, but still indicative. On Friday (yesterday) again we saw that supply bought up - on biggish volume.
That suggests to me, again, that some smart money is accumulating this stock. They are chiming in when supply increases at the low end of a trend.
0.07c is looking like a solid base for now.
I'm expecting more upside.
RB.
IMUGENE CHART. TA only, page-32189
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Last
5.7¢ |
Change
0.003(5.56%) |
Mkt cap ! $417.2M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.8¢ | 5.2¢ | $2.499M | 45.00M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1921794 | 5.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.7¢ | 1368288 | 7 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| IMU (ASX) Chart |