IDM Pharma, Inc. (IDMI)

[bowonwing]

Any comments on technicals of IDMI?

Thanks for the welcome surf.

Have we seen the low for IDMI @$2.82 todays close?

Todays low was $2.73, someone can in and started buying, looks like about 80K shares, got the bounce to $2.85.

Current technicals look demoralized.
RSI @40, not at 30 oversold condition yet.
MACD -0.312, histograms trending down in negative territory, but holding on.
Full STO on the bottom but crossing over??? about to trend up?
Aroon (this is a new one to me) Up 25, Down 100, the worst.

That 7.1M shares @$3.50 last week is gnawing at me.

Is this the base for IDMI at >$2.73?? That is the 64 thousand dollar question.

As I said in previous post, I just do not understand why IDMI is so much lower than the "smart money" purschase last week @$3.50. Someone educate me. Does it have to do with the 1.71M short interest?

If we close <$2.73, support is at $2.43 (type triple, strength,5). 52 week low is $2.22.

My call: IDMI will hold >$2.73, then in the coming weeks >$3.50 to $3.85. But so far I am in a big hole in IDMI. I bought last week at $3.18, a little early is turns out. So far I have been wrong.

In the months ahead, on to Junovan deadline in late August. Any comments as to where IDMI's price will be in the days leading up to the FDA announcement and why?

Good investing to all and go IDMI!