Please Note:While every endeavor has been made to be impartial in this analysis, traces of bullishness may remain.
All of the below is my opinion so dyo DD
Firstly, I recommend a read of @wednesdayschild post regarding the price action of last Thursday-Friday where she puts her opinion up for discussion, excellent stuff imo. Working off this, I provide a two session look back that shows that apart from a handful of codes the Biotech sub-sector was up or even, not often seen from my experience.
IMU with my Biotech Index overlaid (Green plot) showing the divergence between the pair & where I think par is,
circa .09 for the YTD.
The PSAR indicator generated an entry signal at the COB on 21 August. Both the Stochastic & Relative Strength price oscillators are heading into overbought territory so there may be some retracement as @slick has mentioned with the wicks above the upper BB.
@GmundStables is spot on when he mentions the volumes required to move the needle.
IMUGENE CHART. TA only, page-34220
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Last
4.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $356.9M |
Open | High | Low | Value | Volume |
4.9¢ | 4.9¢ | 4.8¢ | $328.5K | 6.792M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
45 | 5443565 | 4.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.9¢ | 2171910 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
36 | 4613688 | 0.048 |
36 | 4066646 | 0.047 |
46 | 3070983 | 0.046 |
60 | 6170008 | 0.045 |
11 | 1951364 | 0.044 |
Price($) | Vol. | No. |
---|---|---|
0.049 | 1200533 | 2 |
0.050 | 4130537 | 15 |
0.051 | 6179811 | 13 |
0.052 | 2579418 | 10 |
0.053 | 1158504 | 8 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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