IMU 1.30% 7.6¢ imugene limited

Another decent volume yesterday. We tested $0.082 the day before...

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    Another decent volume yesterday. We tested $0.082 the day before and yesterday it bounced up to the $0.105 support but got rejected.

    Daily Chart: A few things to note, MACD about to cross the signal line, RSI is dropping, but ADXR and DMI is holding for the moment. As we discussed before, we should test $0.081 (or somewhere between $0.081 and $0.083) again, possibly a few times to set the support. Hopefully it holds and creates the next sideways channel until we see another value add announcement. If it fails $0.066 comes into play.

    Hourlies heading to oversold territory (RSI<30%), 30min and the rest already there. Volume looks to be a 100Mil + day again. Hopefully this settles above $0.081 and meanders between $0.105 and $0.081 for a bit.
    https://hotcopper.com.au/data/attachments/5755/5755584-aff9844621c370b12462908c0de6f2c9.jpg
 
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