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1.89%

5.4¢ imugene limited

IMUGENE CHART. TA only, page-33798

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Scottsmyname

1,021 Posts.

103

04/08/24

16:12

Post #: 75063530
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Originally posted by slick: ↑

Be careful with the “averaging down” strategy mate. It’s generally a real no- no as a viable tactic. The opportunity and diversification cost is huge.
If you’ve made a mistake with an entry (man we all have) then by locking more capital into it doesn’t make the original mistake go away.
But if you have extra capital to put into a stock, please wait for it to be in an uptrend not a downtrend. Get those indicators firing that I spoke about in my weekly chart and you then have a reason to take an entry. IMO.
But I’d still be stressing that the averaging down play is a failed one in general. There are stocks that are moving forward that should be having your attention. Just a thought.

Cheers.

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Thanks slick, appreciated.

IMU Price at posting: 5.2¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.4¢		Change 0.001(1.89%)		Mkt cap ! $405.3M

Open	High	Low	Value	Volume
5.4¢	5.5¢	5.3¢	$786.6K	14.59M

Buyers (Bids)

No.	Vol.	Price($)
1	4920	5.7¢

Sellers (Offers)

Price($)	Vol.	No.
5.1¢	450620	8

View Market Depth

No.	Vol.	Price($)
1	4920	0.057
2	11474	0.056
4	582143	0.054
26	4720010	0.053
37	6005156	0.052

Price($)	Vol.	No.
0.051	450620	8
0.052	5443	1
0.053	29820	1
0.054	497893	6
0.055	2588180	18

Last trade - 15.59pm 10/09/2024 (20 minute delay)

IMU (ASX) Chart