JAN 30·MeykaHigh
IMCC.CN IM Cannabis CNQ down 40% 30 Jan 2026: look for oversold bounce
IM Cannabis Corp. (IMCC.CN) experienced a 40% intraday drop on January 30, 2026, closing at C$5.10 on unusually high volume, indicating potential forced selling followed by short-term buying interest for an oversold bounce. Meyka AI rates IMCC.CN as a "HOLD" with a score of 62.74, suggesting high volatility and recommending careful risk management for traders considering re-entry above C$6.50 with stops at C$4.50. The article outlines technical triggers, valuation metrics, and scenario price targets, including a long-range forecast of C$26.49, emphasizing that these are model projections and not guarantees.