IMUGENE CHART. TA only, page-28777

Ok, back to IMU. Again it's a mixed bag from me today

Firstly I have concerns of the escalation in the middle east with a US cargo ship hit by a Houthi missile today, what will be the fallout of this with supply chain issues and the affect it will have on the broader market. With that in mind I look at the charts.

On my daily chart looking at trend lines we have hit a resistance point that it needs to break through. The selling pressure really died off as has the buying at this level. The initial RSI strength from the catalyst announcement has cooled down, perhaps another catalyst is needed here or perhaps just the anticipation will do it...




On the 1 hour chart I like to plot a lot of short term trendlines. It is very messy but I like to see how the candles react at these points and compare them to my moving average charts looking for correlations

The daily chart looks to be breaching the BB median support (20sma) but will need confirmation. The 8s were strong support, now resistance. The 50ema is now shying away from the 200ema (as was pointed out a bit earlier)


On the weekly, the 50s and 8s are still support here, the BB median is around the 8c mark

We're at a bit of a standoff here, while I feel positive about the stock, I'm also cautious here in general. There are those 2 small gaps below too which may prove to be irrelevant. I won't be selling my core holding as I have already free carried, but I won't be buying another trading parcel for the time being

GLAH