IMUGENE CHART. TA only, page-11569

Not a great end to last week, but not a terrible week either. At least there is now some daylight between the MACD and signal line, albeit not much. Volumes have cooled down and we ended Friday with about 26M shares traded on the asx, which is now below the average. We might be setting up for a slow week to start with, with declining volume. The opening depth looks to have changed from what was observed last week, with a matching volume at this time of about 321k of shares, compared to a few million traded on open just about every day last week. Yes it can change at the drop of a hat, but I look at changing patterns prior to start as well.

Daily Chart: RSI just under 40%, ParSAR still positive, but not by much, Slow Stochastic dipped slightly on Friday, but not by much. In essence the indicators are reflecting what we all probably see, a lack of direction, so we might be looking at a sideways trading channel developing as we settle into the $0.285 to $0.345 range.