IMUGENE CHART. TA only, page-18220

I find this T/O stuff so hard to believe, I think we just stick to the charts, it's probably just normal price action, seems far more believable given the macro environment currently.

The weekly still shows an inverse head and shoulders reversal could be forming and we are still yet to make a lower low, I don't think we should jump to conclusions just yet, wall street was heavily sold off last week, its probably due for a rally, even if just a dead cat bounce.

That being said, the daily is not a great site currently with all the EMA's now looking to be turning back down, the chart is looking more and more bearish, although not too late, we do really need to get back above the 50EMA at 24c if that inverse head and shoulders is going to happen. As a (kind of) positive, the 200MA is becoming more and more within reach, although a negative would be that it is still pointing downwards and has actually increased it's slope a bit. The w5 hasn't broken through the 100/50EMA (yet) but it does have a nasty downwards gradient, we will need to see some buying soon or that will likely cross too which will add to the bearish sentiment.

Not sure where others are seeing substantial support levels, I can't see much in the way of support until about 21c.

Weekly:



Daily: