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.
Please Note:While every endeavor has been made to be impartial...
-
- There are more pages in this discussion • 619 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add IMU (ASX) to my watchlist
 (20min delay)
|
|||||
|
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
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| IMU (ASX) Chart |