Integrated Media Technology Limited (NASDAQ:IMTE) Fell By -2.5%, But Why?

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For its latest trading sesion, Integrated Media Technology Limited (NASDAQ:IMTE) dropped by -2.5% – here is what that looked like (as of 2020-01-06):

Why are these moves happning?? To have a greater insight of what is happening, it is helpful to analyze some technical indicators. The most interesting and telling are these ones:

A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of -0.013, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.304, an Accumulation/Distribution Index (ADI) of 0.304, an On-Balance Volume (OBV) of 35.995, and a Chaiikin Money Flow (CMF) of -9.356. 1.0

Now let’s plug these indicators in. Consulting Trading View, we can conclude the following:

So when putting all the technical indicators together, this is what you get. That’s what we have now, but please BE EDUCATED! Do your own research, and absolutely do not rely solely on the above – investigate things for yourself.