Listening to a much more experienced trader recently, he spoke about how ‘You pay for confirmation with pips’. This can be seen on high and low timeframes. Looking back over the chart of IMU and my trade journal I have be quick to punt. Without sounding too bearish, I will be waiting for a conformational entry signal on the daily chart as we have seen multiple hourly breakouts which later form a bear trap (I would post an example chart but I’m not at my computer) in this current 60 odd day trend. I understand we all have different perceptions of confirmation. My two cents for what it’s worth.
GLTA
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Last
1.4¢ |
Change
0.001(7.69%) |
Mkt cap ! $104.5M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.4¢ | 1.2¢ | $267.3K | 20.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 788815 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 13241534 | 29 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| IMU (ASX) Chart |