Stating the bleeding obvious but this is referred to in TA speak as a "V" shaped recovery.
A relatively rare event caused not by retail but institutional buying & short covering.
The repeating patterns are extraordinarily accurate hence my use of the Commodity Channel Index.
Volume was the key here & that's what makes the choo choo go.
To those who claim that technical analysis doesn't work on Biotechnology stocks, pfffft!
imo dyor
IMUGENE CHART. TA only, page-28109
-
- There are more pages in this discussion • 6,714 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add IMU (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
4.8¢ |
Change
-0.002(4.00%) |
Mkt cap ! $356.9M | |||
| Open | High | Low | Value | Volume |
| 5.0¢ | 5.0¢ | 4.7¢ | $2.298M | 47.86M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1925982 | 4.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.9¢ | 3452098 | 12 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| IMU (ASX) Chart |