If 1.6c was the start of the last bull run 2020 to 2021 when interest rates were 0 (side note: risk premiums now are prohibitive by comparison for capital and share registry DILUTIVE bios like IMU), that means a FULL 100% Fibonacci retracement is at that level.
Plenty of reasons why IMU may compete a full 100% retracement to 1.6c not least of which being the above side note.
Also big pharma likely happy to see small cap clinical stage bios smashed further in current macro environment because it suits them better negotiating with a "delighted" Leslie Chong at a $200m market cap rather than $1 billion.
All imho HUMBLE opinion and don't forget dyor cockatoos
Target 2 cents, page-113
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Last
5.7¢ |
Change
0.001(1.79%) |
Mkt cap ! $418.9M | |||
| Open | High | Low | Value | Volume |
| 5.6¢ | 5.7¢ | 5.4¢ | $461.9K | 8.347M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1082545 | 5.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.7¢ | 603058 | 6 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| IMU (ASX) Chart |