IMUGENE CHART. TA only, page-27536

There have been some fantastic contributors here in the IMU TA Thread! I couldn't give enough Great Analysis to all involved as the limit is 3 per day lol

I came in here to check on a post I THOUGHT I made! Quite disappointed that it was only shared in the Daytraders thread on the 27th of November! I really could have used 100 likes and some great analysis' if I am honest

https://hotcopper.com.au/threads/afternoon-trading-november-27.7724068/page-87?post_id=71127313






I basically outlined a day before FDA news came out that it may retest 11.5c and don't think it has much more juice to run higher. I've managed to lock in $720 but I was also shorting this at 4.6c and covering at 4.3c 100k shares. I saw that it was holding but honestly felt like I was chasing prices back into resistance despite a big short position on this.



There are many commentators who are uncertain as to why FDA news could not push this back to 13c/14c and quite simply, it is a Buy The Rumour Sell The News scenario.

It has also been a fantastic trading stock respecting many certain technical indicators. Now I know my charts might be too basic, but I only really use some EMA's, basic support and resistance aswell as the occasional trendlines and keep them there to see how they play over a longer period of time. I liek to use candlestick patterns and observations of repeated actions whether it be price or where a candle forms within the chart.

So I respect those who use Ichimoku, Bollinger bands, Fib lines MACD etc but I have personally found MOST TIMES, I have very little to no edge using those.

REGARDING IMU FROM HERE.... WHERE NEXT?!

I have outlined several times in the D/T Threads after the FDA news that this stock is almost guaranteed to revisit the GAPS at 9.1c as a first stop

On Thursday 30th Nov I made 2 side by side charts on BRN & IMU due to the large end of month rebalance heading to December quarter seeing those MONSTER VOLUMES all across the entire ASX, both stocks done exactly as predicted.



Was I able to capitalise? NOT AT ALL because the next day, start to the new year I posted in the D/T threads once again that I WAS NOT ABLE TO GET ANY IMU LOCATES TO SHORT! I am upset because this is such low hanging fruit but means nothing if as a trader I cannot capitalise, therefore I am definitely keeping an eye out for DIPBUYS although as can be seen in the hourly chart I posted on 1st December, not only is there a gap at 9.1c but I suspect it will go for a shakeout below the 150/200 EMA's and visit the gap slightly below it before a bounce, that's where I will look to strike for a scalp 5 to 15% bounce. Good luck to all holders

For the sake of the entire ASX markets I really WANT IMU to catch support, bounce, revisit the highs, consolidate and do another push creating as much volatility in each directional swing! Eventually, this will bust! The cycle now is PUMP, we may be nearing the DUMP. Only because they have so much cash on hand I suspect there won't be any dilutive raises but anything can happen so this will remain in play for some time lets see how long it lasts