IMU 1.79% 5.7¢ imugene limited

IMUGENE CHART. TA only, page-29662

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    Current hourly chart shows that 0.115 level quite clearly. Bullish divergence is positive, and the price will generally always pull back as the blue crosses the red.

    When the Daily blue crosses the red in the next few weeks we will see the same thing happen. Being a larger TF the pull back may be more sustained, though not necessarily deeper.
    Hourly
    https://hotcopper.com.au/data/attachments/5955/5955769-c3cde972b7208df578994cb5ca39ff7e.jpg


    And just for fun:
    While there are a great many variables, including any fundamental changes, one scenario that has historical probability more than others is that when looking at the hourly, it would pop through the support as shown in green. Move higher to 13.5 (or perhaps even tagging our 15c swing target) retrace back to the 0.115 level giving us the opportunity to really retest it on the daily. Intra day spikes below np, but want to close that and subsequent daily candles at or above 0.115
    Something like this:

    https://hotcopper.com.au/data/attachments/5955/5955788-9568104edbe89919caffb564bea92342.jpg

 
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