29-Feb-2024 : Keeping it Simple with Price Action & Technical Analysis.
My follow-up update on IMU;
That post I did back at the start of Jan'24 explaining my analysis of why I entered into IMU around .105, turned out to be a nice educated entry.
It has been a patient position, but the strength in the charts has kept me in.
2-Jan-2024 : https://hotcopper.com.au/threads/imugene-chart-ta-only.5967260/?post_id=71698843
Here is looking at IMU's 2-Day chart, and what I feel about it now..
- IMU made a surprising jump back in Nov '23, and within a week gained almost 250%.
- It has made a healthy correction since and first found support at .38 Fib level, and then at 0.5 Fib level.
- We then saw a big Bullish engulfing candle as a show of strength in start of Feb'24, and as we can see... the price hasn't closed below half of that bullish candle since then.
- In fact, we have seen the price trending UP along the dotted green line, inching towards the immediate big resistance at .786 level.
- This is a close call now and can go either way, but the strength we see on RSI should make the bears a bit nervous for sure. I won't be even surprised if the stock gapped up in the next few days taking everyone by surprise again.
I hold the stock and my analysis can have mistakes and may be biased. DYOR and don't trade without a stop-loss.. This one needs a bit deeper stop-loss..
Happy Trading..
- Forums
- Charts
- IMUGENE CHART. TA only
29-Feb-2024 : Keeping it Simple with Price Action & Technical...
- There are more pages in this discussion • 1,821 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IMU (ASX) to my watchlist
(20min delay)
|
|||||
Last
7.5¢ |
Change
0.005(7.14%) |
Mkt cap ! $548.9M |
Open | High | Low | Value | Volume |
7.1¢ | 7.6¢ | 7.1¢ | $1.896M | 25.79M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 3194318 | 7.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.6¢ | 331280 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 690490 | 0.074 |
3 | 113855 | 0.073 |
7 | 856832 | 0.072 |
9 | 1720084 | 0.071 |
55 | 2191952 | 0.070 |
Price($) | Vol. | No. |
---|---|---|
0.076 | 331280 | 7 |
0.077 | 715980 | 9 |
0.078 | 1349584 | 7 |
0.079 | 1259500 | 7 |
0.080 | 387574 | 5 |
Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
|
|||||
Last
7.6¢ |
  |
Change
0.005 ( 6.34 %) |
|||
Open | High | Low | Volume | ||
7.1¢ | 7.6¢ | 7.1¢ | 15199158 | ||
Last updated 15.59pm 10/05/2024 ? |
Featured News
IMU (ASX) Chart |