IBX 7.50% 3.7¢ imagion biosystems limited

Charting, page-979

  1. 2,756 Posts.
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    No doubt that the next fundamental brush stroke that we need to see is the HREC approval.

    From all the announcements we have been getting over many months makes me feel certain that Bob
    has exercised good judgment to get this over the line in time for trials to begin in Q4.

    Chart-wise, RSI is deep in oversold territory; levels that we haven't seen since April.
    Rejection at 10c (on 5 occasions since Aug) has formed a psychological ceiling and will require
    a fundamental catalyst to breach.

    The recent technical aspect of the past 6 trading days does obscure all the good work and momentum
    building that has occurred since January 2020 when we were trading at 1cent.
    For me, nothing has materially changed with IBX and something as simple as an HREC approval Ann will
    bring relief to the more nervous holders here.

    This story is still being written folks.





    Last edited by spikeup: 21/09/20
 
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