To cut to the chase without chart speak see below.
Top-down analysis for Friday session.
Offshore bounced back overnight.
Dow Jones up 1.76%
NASDAQ Biotechnology Index up 2.61%
CSL (XHJ) proxy up 0.35%.
IMU
The lower three price oscillators.
CCI wants that zero-line, 2nd time it's been diverging from price recently.
RSI climbing out of oversold.
Stochastic Waaaaaay! oversold but slowly waking up & a classic example of how it can stay that way for months, not to be trusted on its own in other words.
Remember, price rules, not indicators.
Short version:
In my opinion, the weight of evidence suggests a green close for IMU today.
To cut to the chase without chart speak see below.Top-down...
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Last
4.9¢ |
Change
-0.004(7.55%) |
Mkt cap ! $364.4M | |||
| Open | High | Low | Value | Volume |
| 5.3¢ | 5.3¢ | 4.9¢ | $1.061M | 21.17M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 52 | 6583733 | 4.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.1¢ | 1287081 | 5 |
View Market Depth
| Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
| IMU (ASX) Chart |