I didn't intend to post on IMU again, but since it's a neutral chart I'll explain it.
As someone who posts charts I thought you might be familiar with the Andrews Pitchfork indicator. It's useful as a determinant of whether big price rises are genuine or not over time. I'll leave you to read up on the indicator but it shows the earlier big rise not to have been due to good fundamentals from the investor's POV. The median line shows the trend that prices are likely to take. It's anchored to a previous high and the trend can't be said to be broken until the price breaks through the upper bound currently around 3.1c
I'm not a big chart fan so along with MA's, double tops/bottoms, the AP indicator is the only one I've found which sometimes provides reasonable indication of where stock is headed after big price rise.
and that's definitely it from me today.
IMU Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held
