The "most purified explosive UP" move for the year has just started for IMGN imho:
most - unusual 20++% move in January (a rarity, after imgn left low single digits a few years ago).
purified - after imgn dumped all its scaredy-cat ST- holders, in the first few weeks of this year (as expected, and happened on miniscule volume)
explosive - no suppressing tax-loss etc. factors seen in the offing now, to suppress the price movement artificially
UP - thats what it will do imho, after forming a strong base around 18, next at 30 and next at 45 now!
Thus, there is not much resistance now until 30, where it might very briefly meander, but Fed's possible, upcoming int. rates move will assist it overcome that obstacle swiftly - next stop 45 - a little bit major resistance - that will also be thrown out forcefully imho - given the strengthening fundamentals and near term excellent visibility!
regards to all,
-/Sonny. |
