IMUGENE CHART. TA only, page-31062

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GinoE

740 Posts.

283

05/04/24

17:44

Post #: 73212594
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Originally posted by slick: ↑

Gees your misleading people with your bullish BS and you have been since November. No wonder you didn't put any money into this latest 5 month pump but I wonder how many you sucked in this time?

And Zior investors do look at charts, especially the ones who got sucked into holding at far higher prices due to misleading chartists who use systems that don't work.

You've banged on about the SP going to .15 cents since November and yet it hasn't even gone close, all those folks that could have banked nice profits at .12 cents many times but no Zior said it can go to .15 and then .22 without news!!.

In todays pump you've highlighted MA's, well lets take a closer look at that. Now the most popular MA's for the general investor to follow and are very important in the grand scheme of things are the 50/200ema's which I'm sure you will have all heard of from the various "golden cross' and "death cross" conversations. So there was a golden cross on the 7th Feb this year (red across blue) and the result from that the SP went from 10 cents to .125. I've already posted a couple of times that the technicals printed why the SP wouldn't go above .13 but anyway the SP acted as expected. Only problem is that since then, the 50ema has begun rolling over back towards the 200. It's not bullish at all, full stop.

click on chart to expand

And everyone loves a weekly chart right? Have a look at the 50/200ema's. Death crossed back in May 2022 and hasn't looked like coming together since. And boy, don't like the look at MACD rolling into the negative.

Sorry folks even Dorry got this right, there is nothing bullish about the current IMU chart. Don't be fooled by a bloke back pedalling out of a very bad call.

Now at some stage there will be news that lands which could send the SP far higher and I expect that to happen. But here's the thing, that event is not coming from the current TA set up. But no doubt we will all see the posts regarding how right Zior was.

Until then trade the trades.

Cheers.

Expand

Hmmm struggling with this one personally. The weekly "death" cross was many months ago (during a massive sell off) and since the breakout has been followed by higher lows and higher highs on the 50ema (still going up). It takes a consistent amount of strength to move a weekly 50ema. Then you showed a far more recent time frame (daily) showing the "golden" cross followed by a retest (or roll over) testing support. All seems pretty normal? We are coming out of a 2 year bear run, it's not like the market is going to change their mind overnight, people are going to sell. Am I missing something here?

Looking forward to when the pros here just stick to what they are good at rather than arguing, as we all learn a lot.

Last edited by GinoE: 05/04/24

IMU Price at posting: 10.5¢ Sentiment: Hold Disclosure: Held
14 Upvote

1 Great analysis

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