We've got a short time frame double top, so if we don't bounce soon then it's certainly looking like we might finally get a decent pull back, hopefully we'll get to 0.33 or so.
This could also just be the first bounce of an ascending wedge to squeeze the bears into a breakout higher.The strongest immediate support will be the e21 on the hourly. A close below this will signal the bears for some profit taking and a more decent breather.The 0.33 fib zone should be a great trade for anyone who is inclined that way or looking for a fairly de-risked second entry point. Not saying it's the bottom, (don't try to pick the bottoms.) however it's a fairly strong fib combined with the hourly e55. Keep in mind it's a support zone so it may bounce before it gets there.Enjoy your weekend folks and I'll catch you Sunday evening or Monday morning.
IMUGENE CHART. TA only, page-979
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5.1¢ |
Change
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Mkt cap ! $373.3M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1074997 | 5.1¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 5.2¢ | 1209633 | 6 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| IMU (ASX) Chart |