IMU has lost more than 75% of its value since its peak in November 2021. There is an underlying line of support (blue dashed line) that price has not broken below since the stock started it's run up. Also charting theory says that stocks usually lose 75% of their peak in each price cycle and that 75% retracement line coincides exactly with the aforementioned line of support and where price has fallen to. The potential to rise is very strong (but not guaranteed of course).

IMU 20May22

Contact

Robert Norman

Phone: 0428 346 951
Email: robert@sharecharting.com.au

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