charting observations, page-15

I'm with you re the TA, have been for weeks -

Subject: re: heading north or south
Stock Code: IMI - IM MEDICAL LTD
Posted: 26/08/07 23:18 Hotcopper Radio: IMI on BoardRoom Radio
Posted By: Chalea Views: 499
Post #: 2060958 (In Reply to msg #2059327 from Nasitrading) Sentiment: None
IP: 220.101.xxx.xxx Voluntary Disclosure: No Stock Held
Hi Nasi,

"heading north or south"

I'd say south for now. Bearish divergence between the SP & the MACD Histogram would've been a warning of slowing momentum late Thursday.

Back to support @ 4 - maybe 3......hope I'm wrong FWIW,




Subject: re: technical analysis please
Stock Code: IMI - IM MEDICAL LTD
Posted: 13/09/07 20:16 Hotcopper Radio: IMI on BoardRoom Radio
Posted By: Chalea Views: 241
Post #: 2109726 (In Reply to msg #2107988 from canzman) Sentiment: None
IP: 220.101.xxx.xxx Voluntary Disclosure: No Stock Held
A close above 7c should see the ascending triangle target of 10c hit.

BUT

A close below the support at roughly 5.5c could bring the triple bearish divergence on the MACD & MACD Histogram into play & a fall to support at 5c then 4c.









From here, low 4s to low 3s - in a few weeks - expect some rises along the way.....

Regards
Chalea