IMU 5.56% 5.7¢ imugene limited

Daily 50ema, 100ema, lower standard deviation of bollenger, as...

  1. 740 Posts.
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    Daily 50ema, 100ema, lower standard deviation of bollenger, as well as the far more significant weekly 21ema (shown by yellow horizontal line on this daily chart) all offering support at 8c. 31.8% fib level close at 8.2c. I'm confident buyers will be there, me included. Downward trendline shown by the pink diagonal, we need to break this now for a move up. Some could argue when 8c is hit it will look like a DEscending triangle but I think it needs more touches than that on 8c before it is a convincing enough play IMO. Would be good to see what the others think.

    https://hotcopper.com.au/data/attachments/5812/5812760-013ade7a166a7b90a4e68a1e202b199c.jpg


    Last edited by GinoE: 12/12/23
 
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