Thanks Redbacka,Would be interesting if you could post your...

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3brothers

80 Posts.

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26/07/21

10:18

Post #: 54767891
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Originally posted by redbacka: ↑

Thanks Muzza

The chart I showed, therefore, is the historic "death" of one entity and its rebirth as another entity with the same name. IMU began "life" in its current form in Dec, 2013. (Thanks to those posters who advised me of the history of the ticker "IMU".).

Brief history from Wikipedia:

"Imugene began as a research project in the laboratory of ProfessorUrsula Wiedermannat theMedical University of Vienna. Over the nine years from 2004 Wiedermann et al. had developed aB cell peptidecancer immunotherapy that could induce an antibody response targeting HER-2 overexpressing tumours. In 2012 a start-up company called Biolife Science had been incorporated to develop this immunotherapy. Early-stage funding was secured from Australian and US investors in 2013, after which Biolife was taken public in December 2013 in areverse takeover of an Australian drug development company called Imugene, whose name was retained after the merger. Around US$8m was spent on the HER-Vaxx programme prior to its becoming the 'new Imugene'."
None of the above negates the analysis of the chart of the current entity.

The chart shows how IMU went through an early stage of weakness when Accumulation by "smart money" was occurring. Since then IMU has gone through a serties of rises and re-accumulation. That's "normal" behaviour for a stock going through a growth phase.

You'll notice how every "burst" to the upside has resulted in a fall back, where re-accumulation has occurred.

The chart is now going exponentially upwards, creating Zones of Market Inefficiency. Any previous Zones of Market Inefficiency in IMU have been follwed by a fall-back, when re-accumulation by the "smart money" occurred.

Zones of Market Inefficiency usually see times when the "crowd" enter the market. Eventually, the buying power of the "crowd" peters out, and the "smart money" re-accumulates (if they see more potential for upside). They, unlike the "crowd" don't show their hand - that's why they are the "smart money".

Zones of Market Inefficiency act like magnets, drawing the chart back into them. Eventually, they get filled in, allowing for another movement to the upside.

No one knows when an exponential move to the upside finishes. But they always end - and the ending is not pretty.

That's the history of all exponential movements - commonly called "bubbles".

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Thanks Redbacka,

Would be interesting if you could post your chart again, but on a logarithmic scale and straighten out all the 'bendiness'. Cheers Frits

IMU Price at posting: 33.8¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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Add IMU (ASX) to my watchlist

(20min delay)
Last 7.7¢		Change -0.005(6.10%)		Mkt cap ! $563.6M

Open	High	Low	Value	Volume
8.2¢	8.3¢	7.6¢	$1.931M	24.42M

Buyers (Bids)

No.	Vol.	Price($)
14	1392733	7.6¢

Sellers (Offers)

Price($)	Vol.	No.
7.7¢	140950	2

View Market Depth

No.	Vol.	Price($)
13	1063786	0.076
27	1362684	0.075
9	804913	0.074
9	392900	0.073
8	787610	0.072

Price($)	Vol.	No.
0.077	140950	2
0.078	427758	6
0.079	4733852	7
0.081	256000	3
0.082	309951	4

Last trade - 16.10pm 06/05/2024 (20 minute delay)


Last 7.7¢		Change -0.005 ( 6.71 %)
Open	High	Low	Volume
8.2¢	8.3¢	7.6¢	9515046
Last updated 15.59pm 06/05/2024 ?

IMU (ASX) Chart

Thanks Redbacka,Would be interesting if you could post your...

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