IMUGENE CHART. TA only, page-28875

Jflo, I've been using this as the best predictor of momentum and it's been pretty accurate over the last couple of months.

BiO sector was extremely bullish a week or so ago and now we've just seen 5 red candles in a row and now testing support likewise with IMU.



The last week of IMU candles pretty well match it. Therefore, moral of the story is check out what happened on the sector chart overnight, might help indicate momentum for IMU for the day ahead.

There is nothing positive about the IMU chart currently. 7 days of lower highs and lower lows, high wicks on all candles indicating sellers are ready to sell into any spike, MACD as ugly AF and the selling volume has increased all week. How the chart can be spun any other way amazes me.



. Cheers.