IMU

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5.5¢ imugene limited

This is the most frustrating company to ever exist.

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mrdingo

4,185 Posts.

1183

05/04/24

12:26

Post #: 73205586
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Originally posted by Zior: ↑

How does one see what the market is doing when it appears to be stagnant? The very simple answer is moving averages. While things appear to be dormant here at Imugene, don't be fooled by the thought that 'nothing is happening'.

For those who think 'one can't possibly have a clue what is going to happen' , save yourself some time and skip this post - it's not for you. The truth is that comment is highly accurate in your own case.

For those who are interested in what the high probability outcomes are for the current situation, take a look below. This is just a brief post because not a great deal has changed, so my last analysis update (and all prior comments: see bottom of that post) is still very much on point.

Weekly
We are in the process of bouncing off our bottom support - the yellow e21. Perfect position to be in for a news release (unless it's negative which is very unlikely at this point) expect to see the price move up from this level as this pull-back is quite tired now. A nice little close this afternoon would confirm that doji last week as a reversal.

Daily
Those two MA's are annoyingly close and slow, the blue 100 and the red 200. Once they cross then we should be on our way - this is the main technical event on this chart. The cross over will be the unshackeling that will get us to 0.22 and beyond. 15c is highly probable from here regardless of news or not. Once that 22c target became official, that interim target of 15c was locked in. That's why I've had the confidence of a break up since Nov and have never wavered from to no, despite the criticism of people who should know better. At present, while we wait for that crossover we are looking at a nice little bullish divergence which should help push the price along in coming sessions.

I'm tipping a good week next week based on technicals, with positive news it could be a great one!

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This is the most frustrating company to ever exist.

IMU Price at posting: 10.3¢ Sentiment: Buy Disclosure: Held
6 Upvote

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(20min delay)
Last 5.5¢		Change 0.000(0.00%)		Mkt cap ! $404.2M

Open	High	Low	Value	Volume
5.6¢	5.7¢	5.5¢	$379.9K	6.840M

Buyers (Bids)

No.	Vol.	Price($)
15	1581916	5.5¢

Sellers (Offers)

Price($)	Vol.	No.
5.6¢	680013	6

View Market Depth

No.	Vol.	Price($)
12	1426916	0.055
16	1934202	0.054
19	3200677	0.053
21	1960514	0.052
20	1523521	0.051

Price($)	Vol.	No.
0.056	561039	4
0.057	1456460	12
0.058	213000	4
0.059	367000	4
0.060	1227780	13

Last trade - 16.10pm 26/07/2024 (20 minute delay)

IMU (ASX) Chart

This is the most frustrating company to ever exist.

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

ASX Market Open: ASX200 to rise for Friday session | July 26

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Nine's staff strike as Paris Olympic coverage begins

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

This is the most frustrating company to ever exist.

Top Stories

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

ASX Market Open: ASX200 to rise for Friday session | July 26

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Nine's staff strike as Paris Olympic coverage begins

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News