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
5.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $379.2M | |||
| Open | High | Low | Value | Volume |
| 5.2¢ | 5.2¢ | 5.0¢ | $1.098M | 21.50M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 97 | 7481668 | 5.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.1¢ | 1703097 | 4 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| IMU (ASX) Chart |