Looking at the Buy/Sell of ~23.5 million/~67.8 million when the registry has ~7 billion scrips, following are the plausible theories based on TA and available buy/sell data
1. not worth buying IMU based on Bid strength
2. Scalping of retailers
3. Impending FA with a potential to reasonably gap up, so retailers scalped at current price get caught pants down
4. Many more theories
However, observing forums behaviour, I am of the opinion, SP is maneuvered in more visible way (of course only reading forums and overlaying with charts, this can be identified)
IMO, such movements provides opportunities for retailers
AIMO
No advice, DYOR
IMUGENE CHART. TA only, page-30780
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Last
7.0¢ |
Change
-0.001(1.41%) |
Mkt cap ! $512.3M | |||
| Open | High | Low | Value | Volume |
| 7.0¢ | 7.1¢ | 6.8¢ | $922.0K | 13.28M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 702419 | 7.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.1¢ | 1365317 | 9 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
7.0¢ |
Change
-0.001 ( 1.69 %) |
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| Open | High | Low | Volume | ||
| 7.0¢ | 7.1¢ | 6.8¢ | 5455105 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| IMU (ASX) Chart |