Thanks Zior, Its very hard to read currently, as Slick had noted...

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fartbubbles

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11/06/21

10:13

Post #: 53786742
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Originally posted by Zior: ↑

@fartbubbles
For each price movement(swing) , there is a relationship between the how far the price moves and how it gets there, essentially related to volume/candle wicks(basically)/price action. Big moves generally have bigger volume so to speak. We are looking at this relationship from one move to the next move of the same kind, so comparing an upswing with the next(or previous) upswing, or a down move and its neighbouring one. Usually the relationship matches up with the price, when the price makes a higher high so does the MACD histogram, when it makes a lower high so it does the histogram. A Divergence occurs when this isn't in tune, for example the histogram might be making higher highers but the price may be making lower highs, or higher highs on the price but lower highs on the histogram. The same applies to the lows, as in this case. Basically when you see a divergence, if it's on the highs then it's bearish indicating the price and the price action on the swing higher don't match up and will exert pressure down. When it's on the lows as on our daily chart here, then the down move is out of sync with the price action/volume indicating pressure to move higher.

I have found divergence to be at the lower end of high probability signals, but the main advantage is that it always leads the move, it's not a lagging indicator.

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Thanks Zior,

Its very hard to read currently, as Slick had noted we seem to be taken for a ride but i keep seeing the base at .315 +/- 5 holding.

For everyone else remember that we have a roth capital forecast valuation of .43c for imugenes current standing (not that many put much stock in this)

So hold the course

IMU Price at posting: 31.5¢ Sentiment: Buy Disclosure: Held
9 Upvote

1 Great analysis

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(20min delay) Trade with IG
Last 34.5¢		Change 0.030(9.52%)		Mkt cap ! $1.703B

Open	High	Low	Value	Volume
31.5¢	35.5¢	31.0¢	$10.63M	31.57M

Buyers (Bids)

No.	Vol.	Price($)
9	319058	34.0¢

Sellers (Offers)

Price($)	Vol.	No.
35.0¢	369443	10

View Market Depth

No.	Vol.	Price($)
9	319058	0.340
16	533661	0.335
25	1403041	0.330
14	1113607	0.325
21	1080103	0.320

Price($)	Vol.	No.
0.350	369443	10
0.355	725843	12
0.360	771480	20
0.365	125000	4
0.370	429081	10

Last trade - 16.10pm 14/06/2021 (20 minute delay)

(live)
Last 34.0¢		Change 0.030 ( 8.07 %)
Open	High	Low	Volume
31.5¢	35.5¢	31.0¢	12941265
Last updated 15.59pm 14/06/2021 (live) ?

IMU (ASX) Chart