Australia's largest stock trading and investment forum Australia's #1 stock forum

IMU

Click for more information

9.26%

5.9¢ imugene limited

IMUGENE CHART. TA only, page-17955

First 17955 Last

Share
Profile

Follow
slick

14,230 Posts.

7554

24/08/22

12:05

Post #: 63291685
Share

Originally posted by TheChosen: ↑

Maybe i can rephrase my thinking this way.

I think in addition to stock specific fundamental and technical analysis there is a 3rd factor controlling the price, and that is market sentiment. And i think that market sentiment is the dominant force at play until we get 'price' sensitive news (fundamental change) from IMU, not technical analysis.
The application of this perspective is for those trading over a period of weeks, as i think by the end of the year we will have 'price' sensitive news from IMU.

So if i think the NBI will go to new lows (for this year) over the next few weeks, then IMU will be trading at a lower price than it is now. However, if i think NBI will go up 20% over the next few weeks, then IMU will be trading at a higher price than it is now.

So my trading strategy over the next few weeks is tied with my view on the macro sentiment forecast, using TA to finesse entry or exit.

Expand

I agree with that.

I'll just add that market sentiment is represented in TA hence the importance of sector charting.

Cheers.

IMU Price at posting: 25.3¢ Sentiment: None Disclosure: Held
10 Upvote

0 Great analysis

Reply

Top Stories

I88

Infini rolls on with soil sampling at Portland Creek not long after making possible 'uranium history'

EMR

Emerald expands underground resource by 105Koz at Cambodian gold mine Okvau

HYT

Twiggy Forrest to acquire 40% of native hydrogen explorer – not long after putting Fortescue Future Industries to sleep

TLG

Talga expands Prospectus Offer to $9M, banks $18.5M overall since end of financial year

EBR

EBR reaches review milestone for wireless cardiac pacing device

There are more pages in this discussion • 16,187 more messages in this thread...

First 17955 Last

Add IMU (ASX) to my watchlist

(20min delay)
Last 5.9¢		Change 0.005(9.26%)		Mkt cap ! $433.6M

Open	High	Low	Value	Volume
5.4¢	5.9¢	5.3¢	$2.269M	39.79M

Buyers (Bids)

No.	Vol.	Price($)
8	514808	5.8¢

Sellers (Offers)

Price($)	Vol.	No.
5.9¢	123957	4

View Market Depth

No.	Vol.	Price($)
8	514808	0.058
9	1151803	0.057
6	1078350	0.056
9	1266687	0.055
9	1991833	0.054

Price($)	Vol.	No.
0.059	123957	4
0.060	3590444	28
0.061	2302282	10
0.062	2289000	3
0.063	384846	5

Last trade - 16.10pm 29/08/2024 (20 minute delay)

IMU (ASX) Chart