IMUGENE CHART. TA only, page-34217

Well lets just hope that the timing is right for all you long termers to get your money back. This thing sure has been a disaster for the welded on over the past few years, massive opportunity cost.

Anyway, Bio sector at a bit of resistance at current levels but pleasing that it's at the highs since 2021.



In fact one could argue that the weekly sector mirrors IMU over the same 5-6 year period.



Last week I posted (Fid did also) how the weekly was shaping up nicely. Well this week it has obviously played out nicely. I did mention how the MACD has been a fantastic tour guide for swingers entries and exits therefore this week has been an entry trigger for the "throw the keys on the table" mob. So for me this indicates a happier and sound investment until that set-up changes.



And as for useless monthly charts, well come back in 6 months to see if its at all bullish.



Hey guys, how do you like the current 30min/hourly charts?



As far as the daily goes, we I regard the last two days as re-rating candles as they have blown out of bollies dramatically and has seen a 25% increase. Therefore we need it to settle a bit and let it all catch up. Reason for this is that if any stock rises too quickly, trapped supply rushes in to cash in and we know there's billions of that. The re-rate we've witnessed this week can be absorbed if it slows down IMO. I'm talking technically here, nothing to do with funnymentals. (it's a shame we have to stipulate that on a charting thread).
If .062 goes then the .071 level would be a rough next leg if it has the momentum.



Cheers