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5.6¢ imugene limited

IMUGENE CHART. TA only, page-24308

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EWexplorer

5,713 Posts.

1820

06/07/23

13:09

Post #: 68654060
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Originally posted by EWexplorer: ↑

I didn't miss the point ... your interpretation is but a "blind long, echo chamber, example of a TREND". (Hope!)

That's not to say it doesn't turn here ... there is a good chance there is the bullish case for a MARKET reversal (right here), in which case the BTK may turn up also ... but I personally don't see the need to second guess IMU until the momentum confirms the change.

But if you want the MOST OBVIOUS reason to be positive about the likelihood of a confirmed change to a bull market phase, in general, and for BTK, and perhaps overlapping IMU here ... look at the following chart from last night that says it all - if you know what you're looking at!

@slick this may interest you (regards)

Expand

IMU IMUGENE LIMITED FPO 2,822,492 6,423,039,111 .04
Shorts = About a quarter of yesterday's traded volume.

It's at risk of breaking down out of that triangle - which wasn't bullish, as the trend wasn't in it's favour.

If this pattern continues now TA = 1, Echo-chamber = 0 I'm sorry to say. But we'll see how it closes first I assume.
IMU Price at posting: 9.2¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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(20min delay)
Last 5.6¢		Change 0.001(1.82%)		Mkt cap ! $411.5M

Open	High	Low	Value	Volume
5.5¢	5.7¢	5.3¢	$731.7K	13.32M

Buyers (Bids)

No.	Vol.	Price($)
5	580359	5.6¢

Sellers (Offers)

Price($)	Vol.	No.
5.7¢	686331	5

View Market Depth

No.	Vol.	Price($)
5	580359	0.056
15	1342805	0.055
9	734375	0.054
9	3805521	0.053
18	1535537	0.052

Price($)	Vol.	No.
0.057	686331	5
0.058	1249150	9
0.059	191714	3
0.060	1632398	13
0.061	791000	5

Last trade - 16.10pm 18/07/2024 (20 minute delay)

IMU (ASX) Chart