Australia's largest stock trading and investment forum Australia's #1 stock forum

IMU

Click for more information

2.44%

4.2¢ imugene limited

Great Post.Tell meWhy Did You Buy in So Hi then ????.

First 32598 Last

Share
Profile

Follow
nugett

6,129 Posts.

97

24/05/24

22:01

Post #: 74002220
Share

Originally posted by wednesdayschild: ↑

As an extra to @onetonne your observations of the counterintuitive nature of MFI are correct. As an oscillating indicator by design output data is the result of repeated fluctuations between two reference points which in this case are volume and SP. As an oscillator the calculation is such that periods will exist where a rise in the MFI will coincide with a drop in SP and vice versa. As an oscillator it is likely to produce more false signals on average than true signals. With this in mind when use MFI sometimes I look for instances of difference between the peak and troughs of price and how they correlate to the peak and troughs in MFI other than simply looking at the reading themselves. Are higher and repeat rises in MFI being matched by a similar movement in SP? If the correlation is not linear this sometimes indicates that a reversal of trend may be in the making. Limited in its application however MFI like any another analytical tool is best suited when paired with another indicator. My opinion only of course!

Expand

Great Post.
Tell me
Why Did You Buy in So Hi then ????.

IMU Price at posting: 7.0¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

SGP

Things finally 'looking different' for up-and-down Hot Stock tip Stockland

PAM

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

RAD

Radiopharm extends radioimmunotherapy trial to 5 more cancer types

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

First 32598 Last

Add IMU (ASX) to my watchlist

(20min delay)
Last 4.2¢		Change 0.001(2.44%)		Mkt cap ! $312.4M

Open	High	Low	Value	Volume
4.1¢	4.3¢	4.1¢	$672.3K	16.04M

Buyers (Bids)

No.	Vol.	Price($)
32	4003556	4.1¢

Sellers (Offers)

Price($)	Vol.	No.
4.2¢	197261	1

View Market Depth

No.	Vol.	Price($)
32	4003556	0.041
82	7486399	0.040
33	2820112	0.039
23	1825287	0.038
10	574567	0.037

Price($)	Vol.	No.
0.042	197261	1
0.043	1744230	7
0.044	2239244	10
0.045	1650988	12
0.046	1155047	6

Last trade - 16.10pm 19/11/2024 (20 minute delay)

IMU (ASX) Chart