Not sure about that one, it could go either way. We could get line wipe (up or down) giving us volume, we could start getting chunks taken out of the order book, or we could start getting off screen cross trades. This could look like increasing volume or a sudden increased volume. The ideal situation as has been pointed out is a breakout on volume. The situation atm is that a breakout either way, without orders being pulled, is going to be a volume breakout. The technicals in my view are very much to the upside. I have seen similar situations before with large upward pressure, and the move starting with a fake out below to draw in sellers and trades exiting, to then suddenly turn on a dime and line wipe moving higher in the real move.
Its definitely in torpor atm. Very boring
IMUGENE CHART. TA only, page-30034
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 (20min delay)
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Last
7.5¢ |
Change
0.005(7.14%) |
Mkt cap ! $548.9M | |||
| Open | High | Low | Value | Volume |
| 7.1¢ | 7.6¢ | 7.1¢ | $1.896M | 25.79M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 3194318 | 7.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.6¢ | 331280 | 7 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
7.6¢ |
Change
0.005 ( 6.34 %) |
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| Open | High | Low | Volume | ||
| 7.1¢ | 7.6¢ | 7.1¢ | 15199158 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| IMU (ASX) Chart |