That post when I said the chart was "bullish" - should have had further explanation.
The chart was in a down-trend when I made my comment. I stand by that comment - but should have included a rider: Only buy when there is clear signs of reversion to the upside.
Usually, I put such a condition on large cap stocks that I comment on.
This time with IMU - I didn't state that condition.
It may be the case now Monday 3/2/25, that we are seeing a reversion to the upside - against all the obvious negative sentiment in the broad market. I believe that process started on Friday when we saw an increase in volume traded on IMU.
Today we're seeing a further increase in volume traded.
Thanks. RB
IMU Price at posting:
3.6¢ Sentiment: Hold Disclosure: Held
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