I don’t like to buy or influence buying these garbage “Pump & Dump” stock.
That being said, this one looks a bit fun so I decided to post some analysis on a trade.
For more on how I feel on these types of stocks, read my post below
IMRA
Daily chart analysis
This stock was dumped to hell from 62 down to 1.
After reaching low of around 1, price began moving sideways between Apr.’22 – Sept.’22
Price broke out from range on a 110% breakout. The sideways range has been deemed an Accumulation stage and price will look to go into uptrend.
Price followed by moving sideways between Sept.’22 – Oct.’22 in form of a flag.
Price broke out of flag. Flag has now been deemed a “Bull” flag and price will look to continue parabolic uptrend.
Price is currently in a “Parabolic” uptrend respecting the 10ema.
Price is at 10ema. This is my cue to entry trade Long.
Entering Trade long
( I entered this trade earlier today)
Entry: 3.52
Stop loss: Trailing 10ema
Target: Trailing 10ema
That being said, this one looks a bit fun so I decided to post some analysis on a trade.
For more on how I feel on these types of stocks, read my post below
IMRA
Daily chart analysis
This stock was dumped to hell from 62 down to 1.
After reaching low of around 1, price began moving sideways between Apr.’22 – Sept.’22
Price broke out from range on a 110% breakout. The sideways range has been deemed an Accumulation stage and price will look to go into uptrend.
Price followed by moving sideways between Sept.’22 – Oct.’22 in form of a flag.
Price broke out of flag. Flag has now been deemed a “Bull” flag and price will look to continue parabolic uptrend.
Price is currently in a “Parabolic” uptrend respecting the 10ema.
Price is at 10ema. This is my cue to entry trade Long.
Entering Trade long
( I entered this trade earlier today)
Entry: 3.52
Stop loss: Trailing 10ema
Target: Trailing 10ema