Ah, OK, I see, where and what you are doing. Still it depends on ones times frames I guess. And if they use wicks/tails/solids/etc. Horses for courses, but as I have mentioned previously, I don't really put to much weight into trendlines, especially diagonal ones, horizontal have some merit as they are support/resistance areas. But for me it was the 8over20, and now volume. As for your question, I don't have a crystal ball sorry, but chart wise I did expect a tail to 039 today, but no problems given that we gapped up. If we never see the 3's again, yeah! For me gaps, when on an announcements, do not bother me. A random gap up however with no news does concern me. Beyond this, just go with what the chart is telling you! Currently it says BUY. Where to from here for IMU. It really needs to confirm today action on monday (solid green candle) if it is red, then it's cooked (again). However, given the interest in todays Ann, the broker reports will flow next week etc, I see this having a little rally to 045, then 053. If the insto's get hold of it, then the short squeeze will occur and it will hit 10 easy. I still prefer the steps, to the lift off in SP. Have a great weekend and a massive best wishes to the 7 clients undergoing treatment. Cheers to you.
IMU Price at posting:
4.3¢ Sentiment: Buy Disclosure: Held
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