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clock Created with Sketch. 20/12/24
18:45
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Originally posted by stewar1t:
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This chart is starting to look a bit eerily similar to the IMU chart of late 2021 in April of that year the SP was under 10c, in under 6 months the price went up too over 60c (6 fold increase)) on reported good results (and rumors) resulting in a near 3 billion MC and entry to the ASX 200, (sounding similar) This was the start of a long unwinding retreat. was this overvalued and pumped? Most definitely imo.
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I think what happens is that the MC’s balloon too far to be sustainable. Certainly was the case for IMU and maybe even NEU.
(20min delay)