Thank you Zior for sharing your ema, wma on the 60 minute. Ran...

First 131 Last

Share
Profile

Follow
pjv

58 Posts.

101

17/12/20

17:04

Post #: 49659001
Share

Originally posted by Zior: ↑

I believe that you are spot on mate. Love to see a good divergence and I personally never thought of applying it to the short positions. This is a fantastic contribution to tech analysis, thankyou. It backs up the price action we've seen for the past couple of weeks and I am eager to see how this unfolds. It has been such a struggle for the bears to get it down here again, I would think they are just about out of steam

I am very surprised to see 10c get touched again, I called 14 before 10 and here we are. I still feel previous analysis holds true tho. The bullish divergence is now quite significant, the only way for this to be negated is a move down to 0.053 or lower and I just can't see the that happening.

It is certainly an ugly start to the week, which was expected if we didn't get through to retest 14 again on the last swing up as per previous analysis. This 10c - 10.5c zone is very much the area for bulls to load up. There is some pretty significant volume gone through here over the last month or so and I expect it to hold.

Something of significance, and it's too early to call yet, is on the hourly chart. It's currently setting up for my 2nd strongest bull signal. If the wma5 crosses North of the ema55 then 18.5 - 19 is on the table in the next few weeks. The downside is the Christmas selling that happens every year however I'm strong long and wouldn't like to be out.

Expand

Thank you Zior for sharing your ema, wma on the 60 minute. Ran some back tests and it looks interesting. I think we are close. Thx again!

IMU Price at posting: 9.9¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

IVZ

Invictus banks US$5M from Zimbabwean investment fund in support of Cabora Bassa

BIO

Biome unveils three year revenue target up to $85M – but are 3Y targets enough to excite?

BOE

$550 million Jabiluka uranium offer comes unstuck as Government rules lease won't be renewed

AZL

Brine and shine: Arizona Lithium wins early stage eco approval to commence wellpad #2 at Prairie

PAM

PAM secures high-grade Chilean copper play in strong territory

There are more pages in this discussion • 1,178 more messages in this thread...

First 131 Last

Add IMU (ASX) to my watchlist

(20min delay)
Last 5.5¢		Change -0.001(0.91%)		Mkt cap ! $400.5M

Open	High	Low	Value	Volume
5.5¢	5.6¢	5.4¢	$431.1K	7.845M

Buyers (Bids)

No.	Vol.	Price($)
38	3572404	5.4¢

Sellers (Offers)

Price($)	Vol.	No.
5.5¢	147058	11

View Market Depth

No.	Vol.	Price($)
40	3607538	0.054
22	3710215	0.053
22	2142065	0.052
21	1993914	0.051
67	4445029	0.050

Price($)	Vol.	No.
0.055	84126	11
0.056	795852	12
0.057	1432133	11
0.058	444086	6
0.059	637173	7

Last trade - 15.58pm 29/07/2024 (20 minute delay)

IMU (ASX) Chart

Thank you Zior for sharing your ema, wma on the 60 minute. Ran...

Invictus banks US$5M from Zimbabwean investment fund in support of Cabora Bassa

Biome unveils three year revenue target up to $85M – but are 3Y targets enough to excite?

$550 million Jabiluka uranium offer comes unstuck as Government rules lease won't be renewed

Brine and shine: Arizona Lithium wins early stage eco approval to commence wellpad #2 at Prairie

PAM secures high-grade Chilean copper play in strong territory

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Thank you Zior for sharing your ema, wma on the 60 minute. Ran...

Top Stories

Invictus banks US$5M from Zimbabwean investment fund in support of Cabora Bassa

Biome unveils three year revenue target up to $85M – but are 3Y targets enough to excite?

$550 million Jabiluka uranium offer comes unstuck as Government rules lease won't be renewed

Brine and shine: Arizona Lithium wins early stage eco approval to commence wellpad #2 at Prairie

PAM secures high-grade Chilean copper play in strong territory

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News