Imgn, Immunogen, Inc.

Discussion in 'Investment Charts' started by ciao, Jul 30, 2017.

  1. gowiththeflow

    gowiththeflow Senior Investor

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    Looks to me like a stereotypical consolidation period before a (hopeful) rise in the share price once all the sellers have been taken out and the buyers take control. What are brokers saying about the stock @fireopal ?
     
  2. fireopal

    fireopal Senior Investor

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    @gowiththeflow have yet to talk to broker about any picks - tend to go with gut, chart and what i know about stock. IMGN certainly is not playing out the way i expected this time around but not a bad play either if you catch it right.
     
  3. longtermbull

    longtermbull Administrator Staff Member

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    Seems to be consolidating ahead of another run - thats the way I read the graph. $6.50 here we come?
     
  4. fireopal

    fireopal Senior Investor

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    got out of last swing and have given up on this one for the time being - too impatient with the manipulation and has not been playing out the way it did last time :(
     
  5. gowiththeflow

    gowiththeflow Senior Investor

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    Looks to me like the sellers will soon be taken out and it could pop on the upside - the pressure is building my friend :)
     
  6. Chartman

    Chartman Senior Investor

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    This has the makings of a classic case of buyers taking out the sellers and then suddenly jumping higher when there is no stock around. Does anyone ever trade on graph patterns alone and ignore fundamentals to a certain extent? I always see the markets as an informative disemination tool - the markets always knows best :)
     
  7. fireopal

    fireopal Senior Investor

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    Now doubt it will pop to upside one of these days because it does have to move back up to offering pps BUT is driving me crazy in the meantime!!
     
  8. fireopal

    fireopal Senior Investor

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  9. Chartman

    Chartman Senior Investor

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    While there is always a risk when investing in one trick ponies, this one does not seem to be dead and buried yet but the market seems to have given up. Is there anything positive we can take from the recent events?
     

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