Here's a Weekly Chart of IMU which suggests more clearly which way the price of IMU might move.
IMU has fallen back to a Demand Zone from which it has previously bounced higher.
It is also fluctuating around the 200-Week MA from which it has moved upside back in June 2022.
The most likely move is up to the Supply Zone which stopped IMU trending higher back in Aug. 2022.
A "buy" signal would be activated by Accumulation/Distribution rising above its Moving Average. If that happens, a move up into the high 20's appears likely.
Here's a Weekly Chart of IMU which suggests more clearly which...
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 (20min delay)
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Last
4.9¢ |
Change
0.001(2.08%) |
Mkt cap ! $368.1M | |||
| Open | High | Low | Value | Volume |
| 4.8¢ | 5.0¢ | 4.8¢ | $375.9K | 7.694M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 2484814 | 4.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.0¢ | 5150291 | 37 |
View Market Depth
| Last trade - 15.07pm 07/10/2024 (20 minute delay) ? |
| IMU (ASX) Chart |