Immunomedics $IMMU has been on a bullish run since November 2016 from lows of about $2.00 to a height of about 14.50. It has since retreated in a relatively sharper correction than it has seen during the bull run. This could be a sign that IMMU has entered a period of consolidation and even bearish correction, but even so, we should anticipate some support around 9-9.50. IMMU Daily Chart(click to enlarge)Cluster of Support:- The daily chart shows that price is back at the 100-day simple moving average, which it has held above throughout 2017. - There is also a previous resistance pivot around 9.50. - Furthermore, if price extends below 9.50, it is likely going to see a rising trendline around 9.00. - I would expect some support here. Perhaps, it will establish a range between the 14.50 high and this low for a period of consolidation.