IMUGENE CHART. TA only, page-33276

Just reading a few various opinions here.. from a chartist perspective it is looking heavily oversold, but I was also thinking that in the 6's and 7's, and yet now at 5's..

Shorts positions look loaded, one could consider a strong bounce at some point..

Markets in general have been overly negative for 2024 as predicted by many analyst's, and with good reason..

Obviously hyper inflations globally, economy very unstable, yet to truly find some sort of correction and stability.. how does this affect such stocks as IMU? , well IMU is seriously one of those serious cash burning stocks, massive potential yes, but at the end of the day the bank balance is only going one way at present..

As with most high cash burning stocks currently, investors are dubious and sitting on their hands.. Even On the 19th of April, Paul Hopper sold around 14m shares on-market at roughly AU$0.079 per share. good on ya Paul

The majority of big money is only sitting in cash positive companies that are in growth... Have been witnessing in the last couple of months any stock that present good news that is not cash flow positive is sold down in a blink... Simple market sentiment...

No one can honestly predict what is going to happen here with the SP.. IMO holders of IMU seriously need the company to present something worthy that has secured strong revenue streams, until then this stock will be forever subject to high volatility.. the majority of analysts keep saying that IMU wont see true growth until late 2026, 2027 being the boomer year.. but that doesn't help current holders today...

One would think entry at these levels present great buying... but I could show you 100 stocks that you would all think the same... IN simple, global markets are as unstable as alike the GFC moment... charting at present seems to prove that bears are as aggressive as ever... IMU simply classed as another high risk stock.. If you are a believer in the big picture of Imugene, then understand all else is white noise.. IF your trading this stock, be prepared for ongoing manipulation, games, high volatility, roller coaster rides... Markets are 100% volatile more than ever IMO...

you want to call a bottom? good luck with that..