Totally agree and just to reinforce that view here are 5 aussie biotechs among several others who have their past 8 or 9 sessions presenting a chart like this...
Care to guess which one is IMU.....??
Just goes to show that we are at the whim of sector rotation at the moment and unfortunately biotechs are not the flavour of the month as evidenced by the below S&P Biotech ETF (Code XBI) and NASDAQ Biotech (Code NBI) charts Notice the last 8 or 9 sessions on those also which have a tail much like ours.
Anyways we just need to hang on for the ride until biotechs are the market darlings ...
and for those wondering, IMU is in the one third from left... (ACW, PTX, IMU, IHL, RAC)
IMUGENE CHART. TA only, page-11503
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5.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $431.8M | |||
| Open | High | Low | Value | Volume |
| 5.9¢ | 5.9¢ | 5.6¢ | $1.037M | 17.94M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1882949 | 5.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.9¢ | 399643 | 3 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| IMU (ASX) Chart |