IMU 3.92% 5.3¢ imugene limited

IMUGENE CHART. TA only, page-17963

  1. 711 Posts.
    lightbulb Created with Sketch. 1089
    Well I am playing to the beat of my own drum on this thread, as all other chartists disagree with my analysis it seems.
    I called the top 2 weeks ago (using RSI, supported by BB).
    I still call that the SP is going lower, contrarian view it would seem. The SP is sitting on the 618 fib and wicked the e50 today. I look at it more simply that both of these using RSI, sma and volume (in this case, without going into the analytics of why, dyor on charting). All of which are pointing to a lower SP. RSI still has a way to go (1-2weeks)
    The market has had its Bear trap rally (dragged up BIO stocks -inc IMU), it's now over we are heading lower.
    I eagerly await Leslie's next big Ann to debunk the TA for a bit atleast.

    I don't plan to post on IMU threads now, so in parting, as I have said many times to the euphoric juniors on this thread, please DYOR.....do not be a sheep and flow others SP calls. DYOR and SP predictions.

    PS, Blue line is as thin as I can get it, but you'll see that we broke the trendline 2 days ago, and now sitting on e50, and fib.
    Next few days and months (maybe 1year) are going to be very telling with the Feds next move given that they and Europe are in Recession.
    GLTAH
    https://hotcopper.com.au/data/attachments/4620/4620606-84ef771e0149956767f212e60fd7fc05.jpg

 
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