Yep agree, had this thought a month ago... instos who have been net short since ASX200 inclusion near top of last peak will be covering in the lead up to the EOFY to firm up their books.
I think this will happen across biotech in general as the sector is very heavily shorted and oversold.
Just spotted a potential Inverse Head + Shoulders pattern on the daily/weekly chart... let's see weekly attached. Thoughts @dory ? x
IMUGENE CHART. TA only, page-15041
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Last
4.1¢ |
Change
-0.003(6.82%) |
Mkt cap ! $304.9M | |||
| Open | High | Low | Value | Volume |
| 4.3¢ | 4.4¢ | 4.1¢ | $1.607M | 38.52M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 4542680 | 4.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.3¢ | 1675759 | 9 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| IMU (ASX) Chart |