IMU 9.26% 5.9¢ imugene limited

Ann: Imugene Corporate Presentation, page-247

  1. 4,356 Posts.
    lightbulb Created with Sketch. 3768
    My weekly update.

    I have not yet bought back, as I have said, 11/12 is my entry point. I feel crossing that level would be very bullish and setting up gains of at least 50 to 100%. I want to play that game, Hence waiting,

    So how did I see this week? Very positive. It tested high 8s again, made a higher low and finished on near week's high at 10. From a price action perspective, there is nothing to dislike. I know many are waiting for much bigger gains. But at this stage, the first objective is to get away from lows. So from that perspective, its looking good.

    So how do we see this play next week? US markets are on a ballistic. SP 500 making new 52 week highs nearly every other day. Market depth is increasing. Risk taking, which is crucial for health stocks, is getting better. I do weekly reports for Uranium/Lithium/REE stocks, but I do talk a lot about general markets. For those interested, this week's report is below. I feel, this week, if we can stay above 10, and if possible above 11, then we are set. But there are lot of shorters around. Either they will try to push it down or suddenly we could see a short squeeze. I have seen across a number of stocks where shorters are in control, unfortunately, its not easy to get rid of them easily. We need a good fundamental to do that. Lets hope there is one round the corner - I think we need one. All the best.

    https://hotcopper.com.au/threads/sya-weekly-report.6951924/page-2#post-69057607


 
watchlist Created with Sketch. Add IMU (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.