IMUGENE CHART. TA only, page-29007

Currently I see the 12 month chart in play alike this for those interested... a Basic chart showing clear indicators..

Understand IMU has proven to break out of the longer term down trend... just short term tests are in play..

Chart for those interested..




Rally Within Longer Term Bearish Trend, IMU is showing strength within a longer-term bearish trend. Its MACD is above the signal line and shares are presently 0.1% above the 200-day moving average. However, that moving average is declining, implying that caution is still warranted. Comparative Relative Strength analysis shows that the stock is lagging both the S&P/ASX 200 and the Health Care sector average.

Momentum for IMU is strongly bearish. The 14-period Slow Stochastic oscillator is below 20, the level which many analysts call oversold. This means that investors have been actively selling shares and driving the price lower.

Today's volume is on track to be lighter than usual. The On Balance Volume indicator (OBV) is bearish. The slope of the indicator is negative and suggests that there is a lack of buying interest.

Recent High Volatility Signals Potential Pause in Trend, Bollinger Bands use standard deviation of the closing price around a moving average to measure volatility. The Bollinger Bands are presently wider than usual, as a result of greater than normal volatility that accompanied the recent price move. Events such as this may precede a pause or reversal in the near term trend.

Over all opinion, I would like to see a clear bounce soon of high 9's if it hits, or a clear trend back to the likes of 12-13cents, awaiting to see indicators turn..

Just remember the price by volume graph, a lot holding currently in this price zone. obvious support is in play at 10cents, but IMO this is a very strong support, stronger than ever... being that there are very low volumes in play, it wouldn't take much for a bullish run again..