Just my thoughts:
Until mid-March IMU will see Accum/distribution resulting in an increased SP up to about 4 - 4.5c in anticipation for results due at the end of Q1.
The adjustment today IMO signals a strategy to accumulate by traders in preparation for those results. We could drift lower before the end of the week.
IMU have the patent, so if the results are good, then boom. If I were in a position to accumulate more at current levels would be doing so.
GLTAH and DYOR
Charting Only., page-1268
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5.4¢ |
Change
0.002(3.85%) |
Mkt cap ! $396.8M | |||
| Open | High | Low | Value | Volume |
| 5.2¢ | 5.4¢ | 5.2¢ | $332.9K | 6.302M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 539790 | 5.3¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 5.4¢ | 1243558 | 12 |
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| Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
| IMU (ASX) Chart |