IMU 1.30% 7.6¢ imugene limited

Although there is a low volume some days, I see a longer term...

  1. 308 Posts.
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    Although there is a low volume some days, I see a longer term build in a positive direction since second week of November 2023. When we look at previous periods where all the indicators started lining up we saw about 10 weeks of sustained build. I realise past performance does not indicate future performance in many cases, just interesting to look at where 10 weeks would put us, about mid February 2024.....
    One factor that has changes I believe is the sustained downward pressure, which I am not sure we saw during the previous events, but I might be wrong.
    https://hotcopper.com.au/data/attachments/5878/5878688-d5430cc66c6ce9cfd0a51205b413ab6c.jpg

    Daily chart: MACD is above the line, RSI is just under 70%, ADXR is above ADX, DMI+ is above DMI-, the pattern looks good for a higher consolidation. IF this is correct, we may be seeing a new floor developing at $0.125. BB looks to be slowly opening up...
    https://hotcopper.com.au/data/attachments/5878/5878654-26b76ca82b9a1985924c329dcfb9ccb8.jpg
 
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