IMU 1.30% 7.6¢ imugene limited

Have not posted for a while, was not really worth it in the...

  1. 308 Posts.
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    Have not posted for a while, was not really worth it in the downtrend, not a lot of gain to be had, so focussed on other things.

    The run starting 3rd of Nov looks to still be developing. Two good indicators are that DMI+ and DMI- are diverging, and ADX just cut through above the ADXR, and hopefully can stay above the ADX. A core thing to watch is when the ADX crosses back to below the ADXR again, which could signal a change in the direction.
    The rest looks good, MACD above the line and positive, RSI has had a really good jump above 70%, where it all happens. Bollinger Bands are still opening up, the thing to watch is when the 8 or 9 day SMA cuts through the price candles for a few trading sessions, that may also indicate a change. This is sometimes before and sometimes after the ADX crossing to below the ADXR. Watching for when the MACD crossed under the signal line for a direction change as well.
    Volumes in the last 3 sessions were decent, so it looks to have some legs at the moment. A lot of depth on the buy side as well for the moment. Cracking above $0.08, should now give us a good probability to test $0.10 I hope, after that $0.12 if it can break 10 cents.
    The next 2-3 trading sessions will be pivotal to watch for a possible longer term positive direction. As always there is the expectation that it will take a break at some stage to test gains.
    https://hotcopper.com.au/data/attachments/5718/5718895-50d6f49161a752bbc1218a7dab2ed16f.jpg
 
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7.7¢ 7.9¢ 7.5¢ $2.780M 36.36M

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Price($) Vol. No.
7.7¢ 254900 3
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Last trade - 16.10pm 07/05/2024 (20 minute delay) ?
Last
7.6¢
  Change
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Last updated 15.59pm 07/05/2024 ?
IMU (ASX) Chart
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