GREY:IMVIQ - Post by User
Comment by
QM45on Apr 12, 2019 12:18pm
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Post# 29619187
RE:RE:development
RE:RE:developmentUsing technical analysis on IMV which is a low volume stock is pointless unless you get high volume break downs or break outs. Even then it's hardly predictive.
Currently due to the finanancing we broke down a trading range of $6-8. We also broke below $5 so $4 or even $3.5 are in play based on technicals. We are massively oversold, but that can stay this way for a long time.
I've been out for over a year, holding a small core position. I am getting back in here and will accumulate as the stock moves down should that happen.
We are getting to levels of few years back, while the company has made large progress forward.
Insiders are on our side, no one has sold, they keep adding.
I am fine to take a bit of pain here and get in on the cheap knowing May-June have historically been great run ups for the company based on their news flow.