IMU 8.97% 7.1¢ imugene limited

For me, this is a great chart at the moment. When I looked last...

  1. 1,385 Posts.
    lightbulb Created with Sketch. 10474
    For me, this is a great chart at the moment. When I looked last night I was hoping to touch 0.100 again, not because I have another buy in, but because technically it is what was needed for a good strong bullish sign, keeping in mind that it still does need to close the day at 0.105 or higher.

    My reasons are outlined below as per the attached chart:

    Volume shown in the A section indicates that 0.100 is the battle lines for bulls and bears. This is why it gapped through shortly after the second attempt. This became the new support level. Retouching 0.100 today is validating it as support, and I would expect it to move higher from here after testing that level. If we get a bounce here, expect this to be the new base. Also the pattern indicates that Wed and Thurs and the cool off days, with Friday closing at or close to a new high. What we are seeing now is exactly what happened last week.

    There is strong bullish divergence showing at B, if the price stays above 0.085 then this is the compressed spring. Technical probability suggests a swing up from here once the cycle completes.

    Finally, C is what I expect to start late in today's session or tomorrow sometime.

    I am confident with my hold
    3hr chart
    https://hotcopper.com.au/data/attachments/2684/2684953-0c54e0c1a1dc8490c4cb17986de3b21c.jpg
    Last edited by Zior: 26/11/20
 
watchlist Created with Sketch. Add IMU (ASX) to my watchlist
(20min delay)
Last
7.1¢
Change
-0.007(8.97%)
Mkt cap ! $519.7M
Open High Low Value Volume
7.8¢ 8.0¢ 7.0¢ $4.930M 66.98M

Buyers (Bids)

No. Vol. Price($)
3 571382 7.1¢
 

Sellers (Offers)

Price($) Vol. No.
7.2¢ 1102836 5
View Market Depth
Last trade - 16.10pm 19/04/2024 (20 minute delay) ?
Last
7.1¢
  Change
-0.007 ( 10.7 %)
Open High Low Volume
7.8¢ 8.0¢ 7.0¢ 28787854
Last updated 15.59pm 19/04/2024 ?
IMU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.