IMA 1.37% 7.4¢ image resources nl

one to watch

  1. 632 Posts.
    Been scanning the ASX looking for unusual indicators amongst my favorites and have a raised flag on Image from today's action. Unusual trading today, higher than expected volume and increase in the price on a day when most mining stocks declined. Looks to me like it's about to retest the 78c mark, for the third time in as many months. A breakout above 80c would be a strong buy signal IMO.

    RSI and MACD pointing in the right direction, although less reliable on low volume stocks.............watching with interest.

 
watchlist Created with Sketch. Add IMA (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.