IGMS is down about 70% YTD with no end is sight as the cash burn is greater than
the analyst's estimates.On the 2H chart, the midline of the Bollinger Bands has had
a persistent negative slope. Overall, IGMS is very shortable if shares can be found at
a low cost. I will watch for a correction of the upgoing price toward the middle of the Bollinger
Bands ...
According to my graph analysis, IGMS is over bought and doesn’t seem to have anymore room to continue it’s upward trend. As presented within the chart on a 15 minute time frame, it was rejected 2 times before descending down a bit. Sell now!
Decisive cloudbreak with perfect alignment on the cloud twist and lagging span crossover.
stoploss: 62.58
trailing stop: 2.31, conditional on price reaching 76.44
NASDAQ:IGMS is likely to continue up towards the 74 , It might return to bounce off the white line before continuing towards the 74 .
But If the green line is closed above significantly in an upcoming day there would be a considerable chance that it would continue up towards the 97-100 green rectangle area .
