IMUGENE CHART. TA only, page-24086

G'Day GinoE,
Fundamentals outweighing TA at the moment.
With such a long run in the bull market and now in a pull back (bear market?), there are many whom have not experienced losses like this (<35-40yo's?), hence quiet a few are panic selling into the EOFY. Balancing the books and realising loses (not paper, big difference). This balancing has often finished a few day prior to 30Jun.
Also I might add, are we in a bear trap or the start of a new bull market? Time will tell, but the US economy seems to be coping with interest rate rises, as too Aust I might add. IMO.
As for TA.
Once we broke 10, it was (is?) heading down. There was support at 093, broke and next support is at 075. There was a Gap at 086, but that got closed, note, this is not a support level, just a gap close!
Enjoy the bounce today, a few might take advantage and exit? Who care, Fundamentals and eventually the chart will reflect a higher SP.
The candle today needs to break above the 20sma, and the 8ema needs to cross obviously for this to be bullish again.
I like the volume today too, it needs to be above 20M everyday.
I am long now as I do not want to be not holding when the next PS Ann occurs, the SP might rocket. No facts, just experience and hunch that these cohort tests will result in a hugh Ann. i.e. I am not trying to pick the bottom on this speccie.
AIMO, DYOR and all that.
Best wishes.