Cautious optimism still. I have used the current situation to accumulate what I can (personal choice only, which may come back to bite me, we will see). Alas the price candle did NOT pop off the 8 day SMA as hoped. A flood of shares in the last few hours coupled with a big push on the auction brought the price down. The Buy side is still building, and the supply looks to be thinning between trading days, only being resupplied late in the day as the price gets away. Can't see the pockets being bottom less, it will end at some stage. It looks like a bit of sideways trading until it does. Daily Chart: Very much the same as yesterday, with the difference that the Stochastic lines have crossed (only just), but still in oversold territory. The MACD has converged further with its signal line, but not crossed yet. ADXR and ADX still pretty much where they were yesterday.
IMU Price at posting:
36.0¢ Sentiment: Hold Disclosure: Held
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