IMUGENE CHART. TA only, page-13908

Shorters are usually experienced traders. If they start to see the momentum change, for example the confirmation of the double bottom if we pass 30c, they will start to scatter, they aren't stupid. They have to buy shares to close their positions though, it will just increase the upwards momentum. It will be slow going until then I assume though.

A close above 23.5c today would put us above the 10EMA which is a good step in the right direction. A close above 24.5c would be even better, that would put us above the 20EMA too. IMU would have sparked some interest yesterday being in the top 10, I'd expect some decent buying pressure this morning due to overseas markets being risk on especially Biotech. Let's see how it plays out.