ASX stock Analysis IMU

ASX stock Analysis IMU

Time Frame : Daily Chart

Watching for Buy Entry Setup

IMU is consolidating the break up above the 10 cent level and is currently retesting the conviction of buyers. We are watching to see the 10 cent level hold and want to see some volume come in as buyers soak up the pressure and look to a run up through 0.15. If price can break out of the current contraction lower, then we will watch for the buy entry setup.

Stock : ASX stock IMU

Current Price : 0.10

Status : On watch for a move above 0.15