Charts can certainly be shaped by progressive events/announcements however not always as we see here. Minimal gains that are not sustained due to manipulation by accumulators/shorts.
IMU is an example again. 7 billion SoI - continued great announcements and progress - no SP movement. Then two months post announcements - all quiet SP rallies 200%.
Case for case.
Charts can certainly be shaped by progressive...
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Last
17.5¢ |
Change
0.005(2.94%) |
Mkt cap ! $431.2M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.5¢ | 16.5¢ | $751.9K | 4.389M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 519867 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 3104135 | 19 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| ARU (ASX) Chart |