IAM chart discussion only, page-11

Thought would give you a diff view of the chart action from a volume / trade split if interested.

The vol bars are essentially split into red (selling vol into the bid) and blue (buying into the offer).

I included the last 100 trades to highlight the action working. This data doesn't include Chi-X but can see that selling vol outweighed buying vol today.....just....in the end.

As @952i and @Wil007 and @TheArchitect have surmised there was the heavy selling into the opening spike, the drift lower to test the 0.029 whereby there was very little action through the middle portion of the day and then someone(s) tested the support good and proper dumping down to 0.028 around 2.30 pm (12.30 on the list).

Once that appeared to hold there was the buyers creeping in to start another run around 3 pm whereby maybe a little fomo appeared in that the SP may get away & a heavier buyer came in round 3.30 pm (1.30 on the list) but it allowed some more selling into & at the close round the 0.032 to find a ceiling there atm.

Would appear the mkt was happy enough to allow the ranging of support round 0.029 and resistance around the 0.032 for the time being. As other posters have stated - would assume the mkt wants to see something a bit more tangible from the Co. prior to deciding fully on its action. Overall not a bad result today for you holders I will say.

Gltah...have a good one.