Another $8 Billion Pharma/Oncology deal!, page-18

This isn not necessarily related to IMU just biotech in general actually it’s very similar to the VLA chart as both formed a bull flag on the monthly prior to t/o

LOXO who just got the big 8b takeover

I don’t not have charts at present so will have to excuse a very basic chart (monthly)

You can see this was sold down heavily prior to takeover for at least 3-4 months some buying came in prior and they crushed it down lower lows and lower highs almost every month
Would have psyched out many players ! (Again sounds familiar VLa)