this was a big contract winner and multi month and multi year breakout but big news dropped this weekend about board issues? as you can see its down but the news about the contract is also holding steady with buys. kinda sitting side line here but dip at the 5 with still huge upside potential. lost?
Posted Feb 13, 17 9:44 AMbyPrinsS
Tickers
IMMU
fundamental shows 5 as new support back in june of 2015 and june of 2016 so it was a clear breakout on a 2 billion dollar contract winner which shot it over the 5 spot and it hit up to 7 on first day news.
to add to this tho if it cant hold 5 then cut losses but 4.5 is a huge support so only a 50 cent drop with a possible up side of 2 dollars which i would be happy with a 50 cent to 1 dollar gain
Fair enough and if you are confident in your analysis then go for it! Remind you though, that fundamental analysis studies the numbers of the overall economy and industry conditions to the financial condition and management of companies. You are supporting your case based off of technical analysis (not fundamental) because you are relying on means of studying statistics generated by market activity, such as past prices and volume.
thanks for the lesson ill remember that ^
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