IMC 0.00% 9.9¢ immuron limited

Ann: Appendix 4E and 2020 Financial Report, page-26

  1. 3,612 Posts.
    lightbulb Created with Sketch. 1220
    IMC chart is an interesting one, descending wedge formation on minuscule volume - MACD is sitting far below last time it popped with RSI sitting around the same level, 20 and 50 SMA about to cross, will be interesting to see if they do as it keeps bouncing off the lower bollinger..... all this is kinda irrelevant IMO - Cash raised so much higher and nobody is selling at this level, Pretty much as close as you can get for a perfect entry point is around here. Next chart is more interesting.....

    https://hotcopper.com.au/data/attachments/2441/2441623-a7b5671e7b93ee69ba867678c9e102b2.jpg

    Taking away all indicators, and going off the past two spikes, this is what the next one could possibly look like...

    https://hotcopper.com.au/data/attachments/2441/2441685-a026d7e2014cf047b0679187c87641ea.jpg

 
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