Oct. 25 at 12:54 PM
$IMRX [Stochastics] If you look at the 3YR Weekly chart, you will see that the SP pulled back inline with the 200DMA, RSI is back to a reasonable level, still with Bullish overall momentum.
$6.0 is a consistent support/resistance line, and you can see that on the 1YR Daily. If/where the stock re-establishes this as support, look for a material upward continuation (IMO). Again-the Company just secured
$200M in equity between Public/Private placement at
$9.23. This fortifies the balance sheet, while continuing high-potential product pipeline. 50-100% upside, as I noted last week.