On Friday 14 April we saw a big increase in supply (big volume on downside move). That was quickly bought up - big volume on upside move - on Monday 22 April.
This time around on Thursday 10 May, again at the low end of a down trend, we saw a big increase in supply. Not as marked as the mid-April example, but still indicative. On Friday (yesterday) again we saw that supply bought up - on biggish volume.
That suggests to me, again, that some smart money is accumulating this stock. They are chiming in when supply increases at the low end of a trend.
0.07c is looking like a solid base for now.
I'm expecting more upside.
RB.
IMUGENE CHART. TA only, page-32194
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Last
6.9¢ |
Change
-0.002(2.82%) |
Mkt cap ! $508.7M | |||
| Open | High | Low | Value | Volume |
| 7.0¢ | 7.0¢ | 6.8¢ | $536.9K | 7.768M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 50 | 5756412 | 6.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.9¢ | 89417 | 9 |
View Market Depth
| Last trade - 12.26pm 24/05/2024 (20 minute delay) ? |
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Last
6.9¢ |
Change
-0.002 ( 3.79 %) |
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| Open | High | Low | Volume | ||
| 7.0¢ | 7.0¢ | 6.8¢ | 3984540 | ||
| Last updated 12.35pm 24/05/2024 ? | |||||
| IMU (ASX) Chart |