Troyka21

IMEXHS Breakout

Long
ASX:IME   IMEXHS LIMITED
Great volume this week and the sell side has been thinning out. The share price has cooled over the last few months, but as others have noted, with the FDA approval and money in the bank, hopefully we'll start to see some new contracts and growth in the US-of-A. The downward trend definitely seems to be broken. Onwards and upwards from here I think.

From a TA point of view, we've got some solid depth and the price action is experiencing a breakout, and we have a golden cross with the 50 day moving average crossing the 100 day. IMO.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.