IMUGENE CHART. TA only, page-12958

Low volume yesterday, 19M on the asx. Looks like a possible BB sneeze might be developing. The bottom BB line looks to be turning up. This is coupled with the first positive ParSAR point being above the bottom BB line, which is a good thing for a positive set up. When your first positive ParSAR point starts below the bottom BB line, it more often than not, it ends in disappointment (just an observation for IMU over time).

Daily Chart: Looks like we tapped $0.22 twice now, and the ParSAR went positive this morning, with the MACD. RSI lifted from the 30's to 45%. Not a run yet, by any means, but it left a really solid level at $0.22 one could suggest. The positive ParSAR point inside the bottom BB line is a good start, now it depends on the MACD building a positive support, and one could be forgiven for hoping for some news to add momentum, otherwise the best we could hope for is a sideways trading channel to develop.