Last time, back in November, that it fell below 0.036, it bounced back fo 0.36. Watching for that on Monday or Tuesday.
The chart remains in a down-trend, but Chaikin Money Flow remains in a sideways trend, so money hasn't been flowing out of the stock at a disastrous level.
Friday's volume was a little higher than we've seen in recent days. That may be an indication that buyers are ready to come back into the scene.
Trump's imposition of tariffs on Canada, Mexico and China are, probably, the start of a trade war - in which nobody wins, Knowing Trump and how erratic he can be, those tariffs may be an ambit bid, which, if things go his way, he will lift. China has announced a 75% tariff imposition on American goods going to China, so things are not going Trump's way at the moment.
That will have serious negative consequences for global markets and economies. I doubt IMU will be immune (forgive the pun), unless it can come up with some very good results.
Take care.
IMU Price at posting:
3.6¢ Sentiment: Hold Disclosure: Held
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