IMU imugene limited

7.14%

1.3¢

IMUGENE CHART. TA only, page-13

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slick

15,693 Posts.

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01/04/21

08:40

Post #: 52193157
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Originally posted by dappaT: ↑

Evening guys

Here's my chart analysis looking at the Elliot wave count, looks like this long drawn out triangle is corrective wave 4, it is most common for a triangle to occur in the wave 4 position which gives more strength to the count.
I'm quite new to Elliot wave theory so just throwing this out there to get some input from other EW enthusiasts

anyone new to this who might want to read up on the basic principles I found this site very helpful

https://www.elliottwave.com/Free-Reports/Elliott-Wave-Principle?signup=club

Further to the Elliot wave count I'm noticing some strong similarities with prior breakouts emerge on the Stochastic and CMF.
See Below

Next move could be a mini breakout above 12 to test 14 with a few more shakes of the tree before the major breakout, bear in mind this could take anywhere from a week to 2 months to play out and Macro risk can always throw a spanner in the works.

Not making any predictions here just observations of how I think things may develop in a perfect world.

Bear in mind the short position has increased in the last week and now sits just shy of 100m at 99,507,663 or 2.09% of the register. are they running out of ammo?
It'll be one hell of a squeeze if they have to cover in a hurry.

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Nice work there Dappa, awesome.

Cheers.

IMU Price at posting: 12.0¢ Sentiment: None Disclosure: Held
17 Upvote

0 Great analysis

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(20min delay)
Last 1.3¢		Change -0.001(7.14%)		Mkt cap ! $97.07M

Open	High	Low	Value	Volume
1.4¢	1.4¢	1.3¢	$143.5K	10.37M

Buyers (Bids)

No.	Vol.	Price($)
78	19078796	1.3¢

Sellers (Offers)

Price($)	Vol.	No.
1.4¢	6091128	15

View Market Depth

No.	Vol.	Price($)
78	19078796	0.013
66	14045547	0.012
19	4930116	0.011
37	9292022	0.010
5	961155	0.009

Price($)	Vol.	No.
0.014	6062487	14
0.015	10817566	46
0.016	10136745	37
0.017	8708633	19
0.018	5121090	23

Last trade - 12.10pm 18/06/2025 (20 minute delay)

IMU (ASX) Chart

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