IMU 1.30% 7.8¢ imugene limited

Hi Gmund, great to read a post from you again. I admit, I'm one...

  1. 702 Posts.
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    Hi Gmund, great to read a post from you again. I admit, I'm one of the newbies here, but today there was roughly 15million shares sold from 1 seller. I'm struggling to understand how 1 person's decision drives the direction here? Surely 3 months of maintaining a share price that has doubled, as well as consistent higher lows while breaking several moving averages is more important? Plenty of people have identified the "wedge" looking share price action, using that, it looks like we had a false break, as I agree the volume was not there. Hoots has posted a different stock chart showing a false break out retracing one last time before blowing out on volume the next time. I have re-drawn my upwards trend line to use only solids (something you recommended) and it looks like it's still just playing out. We have retraced, testing support at the 55ema (blue) and looking to see if a move up will happen. Although it would obviously cause the upwards break, I don't think a PS Ann is mandatory.

    https://hotcopper.com.au/data/attachments/6010/6010692-cca35f5dcea91e5016de272254dcaad2.jpg



 
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23 1956436 7.7¢
 

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Price($) Vol. No.
7.8¢ 197134 9
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Last trade - 10.47am 07/05/2024 (20 minute delay) ?
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