@GmundStables I'm definitely more bullish than that. We have seen strong support at the 50EMA on the daily (blue - currently at 24.1) for this current rally and the price is yet to close below.
When zooming out to the weekly you can also see for that last bull run that there has been strong support at the 21EMA (yellow - currently sitting at 24.3) as well as the 8EMA being a pretty clear indicator of bullish continuation (orange - currently at 25.1).
Until a candle closes below these levels on their respective time frames, I think there is no reason not to expect a continuation. This week is a pivotal week in my opinion.
Daily Chart:
Weekly Chart
IMUGENE CHART. TA only, page-17936
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Last
4.4¢ |
Change
-0.001(2.22%) |
Mkt cap ! $327.2M | |||
| Open | High | Low | Value | Volume |
| 4.5¢ | 4.6¢ | 4.4¢ | $358.2K | 7.968M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 3601437 | 4.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.5¢ | 671952 | 2 |
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| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| IMU (ASX) Chart |