OK further to this - I am putting up an overview of what I think - that does not mean however I am correct... according to my own wave count - I believe the chart is in a corrective phase currently and it has bounced off the bottom of the channel here - still needs to push through the resistance line - the pullback has been between the 50 and 618 fib which historically it has respected - as a place to pull back to - and in this case has gone below the downtrend line just to be really nasty ... There is no way of actually calling the low with certainty - as far as charts go you can only follow the rules and act accordingly - In between fundamental milestones and confirmations things do what they do - and as far as I can see the chart is behaving according to generic rules - these pullbacks are always difficult for long term holders as they don't make sense in line with FA -there has been no negative news - And I am not really here to work out who is buying selling blah blah- the target currently is to get back above 41.5 to be back in an uptrend position
IMU Price at posting:
37.0¢ Sentiment: Hold Disclosure: Held
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