Hi Tb. I'd say yes up to the weekly, as essentially its the only...

Hi Tb. I'd say yes up to the weekly, as essentially its the only relevant time frame from then.

Let's have a fresh look (fresh as in most recent, imo nothing much has changed technically.)

Weekly

This is a good picture of our runway. Those targets won't change unless the 61.8% down at 0.245 breaks meaningfully (that is not intra-day).

Looking at the weekly chart (below) we see the extremely strong S&R e21 moving average (yellow line) is now working with the 50% fib. I believe that these two support levels possibly played a role in the 30c issue price of the shares. This is huge support. As a backup is the 61.8% at 0.245 which I don't expect to see again, but it there none the less. We now have a confirmed bullish divergence (pink). This is a big deal as it's on the weekly. Remember the last one we had? Yep, it played out from mid March 2021(cyan).
Normally with the MA method we would see the green w5 bounce off the yellow e21 for the first attempt. I have no reason to suspect that we would see something different this time. I expect to see the w5 to be turned by the e21 and run north in the next few bars (read weeks). Fundamentals confirm this imo (yes the CR) as does the consolidation & distribution phase we've been going through. Will it be take a news catalyst to get going? Probably to give it its legs, however I think technicals will lead this move (que leaky ship accusations). Without doing a full Elliot count it also looks like a pretty good A-B-C correction from out 0.495 highs.

Daily
Doesn't really give us any extra useful information. But here's a chart of items just the same.


Hourly
Nothing exciting here, however looking at the price action alone it looks like it's about to drop down to the 61.8% fib at 0.245.


Technically I'd say I'm about 75% as bullish as I was a couple of weeks ago. Fundamentally I'm running about 150%. I've found the benefit of a long term technical outlook is in its calmness and particularly in IMU's case not sweating the bear moves. My confidence remains to the upside, and the only selling I've considered doing in the last week or so is to have the ability to add to my IMU position.

Sit tight