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7.9¢ imugene limited

It didn't close above 19.5..... does that mean we're farked?

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mrdingo

3,796 Posts.

1071

20/04/21

17:21

Post #: 52599588
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Originally posted by Zior: ↑

As per scenario 1, if we don't close above 19.5 today then the Nov long term fib move has completed. We will be on a double top and will likely be bound in a range for some consolidation and distribution in the 16ish - 19.5 range until 1st week of May when final cohort results should be announced or until cf33 IND drops - whichever is sooner. The Green w5 and yellow e21 do not like to remain separate for long, and it is easier for the green to come back to the yellow than the yellow to come up to the green. Daily shown below

If we happen to close above 19.5 today, then we need to see the price stay above and bounce off it as support as per scenario 2 over the next week or so. We can then push for 23c followed by 28c. In our favour is the hourly chart which shows we have a good chance at another attempt to close above 19.5 today with the green w5 showing a likely bounce off the yellow e22. I hope this is the scenario that plays out, it will put us in very nice technical position for when they fundamentals drop early May. Hourly shown below:

Previous scescenario snapshot:

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It didn't close above 19.5..... does that mean we're farked?

IMU Price at posting: 18.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 7.9¢		Change -0.004(4.82%)		Mkt cap ! $578.2M

Open	High	Low	Value	Volume
8.2¢	8.3¢	7.7¢	$1.357M	17.06M

Buyers (Bids)

No.	Vol.	Price($)
7	735848	7.9¢

Sellers (Offers)

Price($)	Vol.	No.
8.0¢	328052	7

View Market Depth

No.	Vol.	Price($)
7	735848	0.079
9	615375	0.078
13	995947	0.077
8	506146	0.076
21	865549	0.075

Price($)	Vol.	No.
0.080	328052	7
0.081	871814	10
0.082	871383	6
0.083	486579	8
0.084	535444	5

Last trade - 16.10pm 26/04/2024 (20 minute delay)


Last 8.0¢			Change -0.004 ( 4.33 %)
Open	High		Low	Volume
8.2¢	8.2¢		7.8¢	7785002
Last updated 15.59pm 26/04/2024 ?

IMU (ASX) Chart