IMU 6.82% 4.1¢ imugene limited

IMUGENE CHART. TA only, page-294

  1. 1,392 Posts.
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    This is fairly early in the session with much room for change still, however it is looking very healthy for the next push up to 0.280 to touch our 261.8%.
    It appeappears we have a good bounce off the 200% fib at 0.23 this morning validating the support. We've been looking at the hourly chart, so using the factor of 4 to zoom in on the this move the 15min clearly shows this bounce. The 15min e21 is also now above the 200% fib strengthening this support level, and the green w5 has bounced off its yellow e21 friend and turned upwards again. We saw what this did on the hourly yesterday. Incidentally the w5 on the hourly has not turned downwards from this healthy little pullback, so the immediate trend is still bullish.
    I would expect to be retest and make new highs today, and close out the week with new at or close to new highs. I believe we should have cohort 3 results Tuesday, so it should build into the weekend and Monday, in my opinion.

    Again, it is still early in the session, but this is how the charts currently look. The bears may want to try and retest the support for the close of the hour

    1hr
    https://hotcopper.com.au/data/attachments/3155/3155227-a172a45aa1b434f9eb4d78d7638990b9.jpg

    15min
    https://hotcopper.com.au/data/attachments/3155/3155229-2eaf63fd2952e5b861302bde6f6ab891.jpg
 
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