Yeah nice Fid and to back up that we should only be looking for quick trades is that it's trading on the lower half of bollies. You can see that we haven't had a close above the median line since the 14th March therefore we just can't look too long at this stage. Your chart points out just how far below signal line MACD is. It's kind of like an RSI being so low. Confirms it's a trader only for now anyway. I was thinking RSI must have been getting low again but nah, not in oversold territory.
Let's go longer when the SP is back above the median and MACD is above the signal line. And stay disciplined in the meantime. May /June are trappy months at the best of times. IMO.
Yoiks, I shouldn't have even opened up the weekly.
And for shits and giggles, here's the monthly. (ah why would you bother? Like walking backwards through an airport and complaining about the ashtray you tripped over!)
Cheers
IMUGENE CHART. TA only, page-32187
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5.9¢ |
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Mkt cap ! $431.8M | |||
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| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1882949 | 5.8¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 5.9¢ | 399643 | 3 |
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