IMUGENE CHART. TA only, page-10885

Let’s take a step back for a sec and be honest.
The yearly chart is pretty classical. We were possibly at consolidation before that next uptrend moving fwd.
The DOW has been down all week but pretty resilient here on the ASX.
Big DOW dump last night and the chickens came home today for all of us.

For LTH’s it is immaterial. IMU may now want to find that double bottom at or just under 30c to complete a 50% retrace. Tesla anyone? Traders are here for pips. I am not. The story has not changed.

Dumped a much loved (but stagnating) early stage semiconductor for more of this over the past few days.
The next leg up completes a nice cup at around 60c. Handle retrace to around 45-50c. Leg up to 70-80c.
Timeline going on historical charts here 5-6 months, say end July. More concrete trial news expected second half this year.

Then we go parabolic.
Have a fab weekend everyone.