IMU 1.89% 5.2¢ imugene limited

IMUGENE CHART. TA only, page-21970

  1. 14,163 Posts.
    lightbulb Created with Sketch. 7510
    Haha, I too raised my eyebrows with the “seemed to fit” line but I knew what you meant. That’s the thing with diagonals as I said the other day, so many chartists just draw them in to suit their emotional bias at the time.

    Your .17 is spot on, think we all agree with that and there’s plenty of solids and wicks there, validity is no issue.

    But by sticking with the accuracy of valid horizontals, I get a bit concerned when reading that “a breakout began last week”. IMU has been in a 13-14 cent channel for a while, need to see some closes above .14 before any breakout could be thought about IMO. Currently the SP is t breaking out but I agree that there’s a few indicators turning positive. Gotta wait for confirmation in my mind.

    Cheers.
 
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