I’m of the mind a buyout takeover or share consolidation will occur the next week or two. The selloff has been completely irrational relative to other companies in the same space. Crypto markets have had large drops to the tune of thirty percent and considering they’re both speculative investments they share the same reactive selling when bad macro news occurs.
could continue to drop without reason. However I looked over at CSL and a similar thing occurred right before the release of encouraging plasma data way back in 2007. This screenshot is of the weekly. IMU is exhibiting similar shifts. So could be large entities forcing the selling causing stop losses to trigger in
order to capitalise on impending news. Or could just be overall selloff in the speculative space.
I’m of the mind a buyout takeover or share consolidation will...
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Last
7.0¢ |
Change
-0.001(1.41%) |
Mkt cap ! $512.3M | |||
| Open | High | Low | Value | Volume |
| 7.0¢ | 7.1¢ | 6.8¢ | $922.0K | 13.28M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 702419 | 7.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.1¢ | 1365317 | 9 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
7.0¢ |
Change
-0.001 ( 1.69 %) |
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| Open | High | Low | Volume | ||
| 7.0¢ | 7.1¢ | 6.8¢ | 5455105 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| IMU (ASX) Chart |