Chart interpretation is a science; whether an interpretation of a particular chart is correct or unfounded can only be known after the fact when all the price data is manifested.
Hence, whether I am correct in predicting IMMD will retreat to the 35-40 cent range due to IMMD 's failure to retain a 57 cent close (61%Fibonacci retracement)after reaching 95 cents can only be known a few months from now when we can see all the IMMD price action during the period in question.
You say that I, "lack intelligence"; this type of personal criticism, is not scientific, nor fruitful in attempting to rationally discuss future stock price movements.
On the contrary, I think you are an intelligent person as you write quite well.
However, I steadfastly am sticking to my prediction that IMMD will retreat to the 35-40 cent range after it not retaining its Fibonacci 57 cent close such that your bullish prediction is, unfortunately, incorrect.
Only time will tell if I am right in my prediction or you are right in yours.
Have a good evening.
