Similarities are there for sure. Problem is though, the bounce slightly above and slightly below the 10c barrier has played out 3 times now, 2020 before the jump on news, early 2023 where it then dropped with no significant news despite good announcements all year, and now early 2024. I think it can be viewed as possibly good or bad depending on what news flows from now. I know absolutely nothing about charting etc., but these similarities are a little eerie aren’t they?
I am playing long so hoping it is as you allude to, where the rise on great news is not far away. That would be very nice indeed!
Why IMU is a multi multi bagger, page-21244
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5.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $396.8M | |||
| Open | High | Low | Value | Volume |
| 5.4¢ | 5.4¢ | 5.3¢ | $339.4K | 6.365M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 895592 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.4¢ | 672708 | 10 |
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| Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
| IMU (ASX) Chart |