What a great close. Extremely happy to have ended out the day above that 161.8% fibo at 19.5, and on a Wednesday too. Potentially will see the 200% tested tomorrow or Friday at 22.5 /23.0, as people are also buying into the weekend at the moment.I would then expect a retrace back to 19.5 (if it gets down that far) to test it as support. If buying is strong and the level holds, noting that price can go under but it must not close out the day lower than 19.5, then our 261.8% fib target at 28.0c is in play.
Hopefully the vertical axis will look something fairly similar to this below, as drawn on the daily. References to closing price are on the daily, however the bounces(shown in red) may be only visible on the hourly TF or even smaller. The timing, or horizontal axis is anyone's guess.
Ps - my drawn green line represents the price, not the w5 moving average
IMUGENE CHART. TA only, page-189
Add IMU (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
7.0¢ |
Change
-0.001(1.41%) |
Mkt cap ! $512.3M | |||
| Open | High | Low | Value | Volume |
| 7.2¢ | 7.4¢ | 7.0¢ | $1.229M | 17.36M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 707803 | 7.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.1¢ | 172396 | 5 |
View Market Depth
| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
|
|||||
|
Last
7.1¢ |
Change
-0.001 ( 1.25 %) |
||||
| Open | High | Low | Volume | ||
| 7.2¢ | 7.3¢ | 7.0¢ | 6411396 | ||
| Last updated 15.59pm 15/05/2024 ? | |||||
| IMU (ASX) Chart |