So according to investopedia (https://www.investopedia.com/university/charts/charts4.asp) a target price from a breakout of a double top pattern should be the height of the pattern subtracted from the breakout point.
Which gives us a somewhat worrying target price of 1.7c.
This seems a little extreme to me and I anticipate another drop today following by a slight rebound to settle on the 2.9 / 3.0c level. Which is pretty much total guesswork as I have no more info to go on.
Good luck all!
So according to investopedia...
-
- There are more pages in this discussion • 75 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add IMU (ASX) to my watchlist
 (20min delay)
|
|||||
|
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 |