First green weekly candle for the last 4 weeks. Friday's daily looked to have hit the downward trendline and retreated slightly to form a doji. Mac D has now crossed bullish. Main thing I'm watching for is a break through 17c to confirm the double bottom. The daily 100ema/weekly 21ema (teal - currently at 17.4c) and weekly 200MA (purple on weekly chart - currently at 16.2c) will act as significant resistance. If 17c is broken, the target would be 21c (distance between double bottom and last swing high added to swing high) which proofs with the November highs. This would be a very significant move if completed as it will push the SP through all of the daily MA's and may cause the MA re-orientation I have been waiting for. This wont go anywhere fast until those MA's are back to bullish. Hopefully an exciting few weeks ahead.
IMU Daily Chart:
IMU Weekly Chart:
IMUGENE CHART. TA only, page-21699
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