IMU 4.00% 4.8¢ imugene limited

IMUGENE CHART. TA only, page-21969

  1. 759 Posts.
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    Just my thoughts, please DYOR and find work works for you. At the end of the day it's your trade and money invested.

    Wicks I find are the tug a war between the bulls n bears. I do use wicks for intraday trading, it can be very use full in the 5 or 15min timeframe.
    However for trends I find that wicks are not of use really. I prefer solid candles to chart.
    Your term "seemed to fit" actually scares me a bit. I do not make trendlines 'fit'. They either do or they don't. Go with the information provided and rely on your learnt skills as a chartist. If you start making thing 'fit' that when (IMO) bad trades start, and you'll then look for excuses as to why.
    Back to IMU. I posted this chart (++) two weeks back, it shows the solid candles and I call a spec buuy then. It is taking time to wash out and come true, but I believe now that the charts are saying it is a 'buy'.
    Lastly, Horizontal trendlines hold more truth as it is a phychological (and easily visible) historic loss/gain zone.
    All the best, doing well mate.

    https://hotcopper.com.au/data/attachments/5105/5105502-4eabae16855ca6ba0a59048d130d9930.jpg

 
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