IMU 1.82% 5.4¢ imugene limited

This is an answer to Zior’s question.Here is a quick down and...

  1. pjv
    58 Posts.
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    This is an answer to Zior’s question.
    Here is a quick down and dirty count someone else can spend their time filling in all the fine wave measurements and retracements.Iam trading the primary waves which is the big move and not the little waves.
    Here is my rough count. If you go back to the 2013 low to the 2013 high I am calling that primary wave 1 up. We then corrected for 3 years in a xyz pattern to a primary wave 2 down which bottomed in 2016.From the 2016 lows we rallied 5 waves up to the 2018 high which I’ll call wave 1 of primary wave 3. Corrected roughly 50% to the 2019 low call it wave 2 of primary wave 3. Now we do a series of 1’s and 2’s up. From the 2019 low to the 2019 spike high a small wave 1 abc down to the 2020 low.Rallied 5 waves up to the July high and backed off with a zig zag into the Sept 2020 lows to complete a series of 1 2’s 1’2’s. If iam correct we are starting the most powerful sequence of this whole drama. A wave 3 of 3 of primary wave 3. Remember wave 3’s are known as the wave of recognition people realizing the potential of this discovery. Very powerful. .20 is an easy target and 50 cents is also in play. Volume is confirming the wave count. In theory technicals will tend to lead the fundamentals but there are plenty of examples where it didn’t work out that way. Always have a great exit strategy and stick to it if your wrong.
    P.


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