Mac D crosses from the 1hr all the way through to the weekly and look to be about to move up past the zero point into positive territory. The past 2 weeks have seen an increase in volume with a change in direction which is also a bullish sign. Price is currently respecting the upwards trendline and is trying to break through the resistance at the daily 21EMA (yellow - at 18.4c)/0.5% Fib retracement level from the last swing high. A break above will see the 8EMA (orange)/21EMA(yellow) cross and see us test the 50EMA (Blue)/38.2% Fib Retracement level at 19c. This will be the 4th day in a row testing the level, something's got to give and breaking upwards seems more likely. With today being a positive day on the ASX, I think there is a good chance.
Mac D's
1hr:
4hr:
Daily:
Weekly:
Daily Chart:
IMUGENE CHART. TA only, page-20275
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