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5.1¢ imugene limited

IMUGENE CHART. TA only, page-12405

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fattchoi

6,653 Posts.

4365

24/02/22

15:11

Post #: 59794937
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Originally posted by TheChosen ↑

As predicted, IMU has fallen with the general market fall. Support levels and fibonacci have not been respected at all. Why? I don't believe technical analysis is of value when strong forces like macro fear is at play. I think technical analysis is great during more stable market conditions and more so with larger more stable stocks, similar to what @AlCp has said.

I have bought another $100k at 28.5c which was obviously too early. The question i ask myself is, should i buy more? My conviction is being tested and i am trying hard to avoid confirmation bias.

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I do believe @slick advice to stay off until the trend has reversed and going up is very sound. After all, from such low base, when it turns around, there will be ample time to accumulate then. I am personally also getting rather jittery to buy more but will hold off until at least a trend change or a very significant positive results is released.

Last edited by fattchoi: 24/02/22

IMU Price at posting: 23.3¢ Sentiment: Buy Disclosure: Held
12 Upvote

0 Great analysis

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(20min delay)
Last 5.1¢		Change 0.001(2.00%)		Mkt cap ! $374.8M

Open	High	Low	Value	Volume
5.0¢	5.2¢	4.9¢	$541.6K	10.76M

Buyers (Bids)

No.	Vol.	Price($)
8	818590	5.0¢

Sellers (Offers)

Price($)	Vol.	No.
5.1¢	249636	1

View Market Depth

No.	Vol.	Price($)
7	618590	0.050
40	5683742	0.049
27	1923707	0.048
12	1004292	0.047
17	975390	0.046

Price($)	Vol.	No.
0.051	249636	1
0.052	3008410	14
0.053	1998507	7
0.054	1087199	6
0.055	1401256	13

Last trade - 16.10pm 09/07/2024 (20 minute delay)

IMU (ASX) Chart