IMV Inc IMVIF

RE:RE:RE:IMV thoughts and Exon Skipping

[GorgeousGeorge1]

Hi Hideaway, I dabble in technicals a bit so can offer some insight. On the longer term charts everything is fine, the 1 and 5 year are both bullish displaying an accelerating uptrend which produces a curved or bowed trendline. The faster moving averages are all trading above the slower (10, 50 and 200 sma) which is positive but expect the 10 to test the 50 if we don't bounce soon. Need to keep the 50 above the 200, if it crosses and stays below that's a very widely followed sell and stay away signal amongst technicians. Short term charts (1 and 3 month) are all bad. Oscillators are showing oversold levels but that can continue if there is a fundamental reason that a few know but the market does not. Absolutely no reason to buy this until it shows some sign of support and forms a base. Previous resistance at around 6.50 may provide support, it often happens at key price points - previous resistance becomes support in an uptrend or vice versa when trending down. The next couple of days will show whether 6.50 is relevant or not. We need volume to drop off which would signal easing selling pressure, and give confidence to whomever may be watching (if anyone??) to step in and buy this trough. I've got to add though - the selling activity is 'unusual'. It seems to scale perfectly with the day's trading volume and buying support. When there's no buyers around, it drip feeds in smaller blocks, and when there's a few buyers around it scales it up. There's been no volatility, just a very steady downward movement which has never happened on IMV's chart before. I'm very suspicious of it, it's way too controlled for it to be retailers. It looks to me like a very small number of sellers doing about 90% of the selling. If I were the manegement of this company I would be VERY INTERESTED TO KNOW EXACTLY WHO IS SELLING AND WHY and take appropriate steps to ensure it doesn't happen again. Someone below said welcome to the tsx, I'd say welcome to Wall Street.