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IMUGENE CHART. TA only, page-21964

  1. 766 Posts.
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    Hi SENARIS

    Chart is looking healthier, price closing above the 21EMA (yellow) today. 8EMA(orange) increasing slope and looks like it's trying to make a cross. MACD is increasing slope again today, all good stuff. Price has broken out of the downward trendline I had on my chart too, although not much volume yet. I'm just watching to see if price breaks out of the current 14c resistance (others are likely doing the same), so should see some volume then. A very similar move happened 24th Feb and was rejected so trying not to get too ahead of myself. I am quietly optimistic though, since we broke that downward trendline for 3 days in a row before testing 14c again. If we break 14c and make a new high on the small time frames I think 17 looks on the cards too. Although the weekly 21ema resistance (currently at 16.5c) could be a bit of a obstacle when we get there!

    IMU Daily:

    https://hotcopper.com.au/data/attachments/5105/5105246-00c67876912e9688a14cee875420dd51.jpg


    Last edited by GinoE: 06/03/23
 
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