IMUGENE CHART. TA only, page-32534

Since early January 2024 peak and troughs in SP have closely matched a combination declining cash reserves with intermittent peaks in response to market updates. As for time frames and price bottom? For me the market has no top or bottom so I do not seek make place an arbitrary value to it. Those amongst us with a personal and differentiations views of the fine line between speculator-investor-trader could rightly argue otherwise. With no significant updates since 16 April 2024 however the dominant driver of SP has undoubtedly been fundamental. With this in mind the release of any fundamental transformational product and or cash reserves updates would be expected to reverse this current trend very quickly. If there is no update forthcoming – well, each to their own on that! Until that time volatility driven by fear will persist and so to it the potential opportunities for Technical Trading. With the utmost respect of hubris my fear for the future of IMU though is significantly less than that which many others have expressed here. My shared illustration of my personal calculation of residual working capital (green) as compared to the SP trajectory (blue) below. One and all enjoy your day. Everything stated my opinion only of course!