IMU 1.79% 5.7¢ imugene limited

IMUGENE CHART. TA only, page-29727

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    Highlighted the need for the break and retest in the post quoted. This is where we are at with the current weekly picture now with the 10c level. Weekly chart clearly shows the break and close above, followed by the retest several bars later with last week's close and his week's candle. It appears to be confirming the bounce we want to see making the 10c level as the new main support. This will add more weight to the bulls. Despite the time frame taking longer than we like , this has been building significant bullish pressure for weeks now. The first couple of swing highs after breaking out of the range bound by the upper 0.115 will give a good indication how hot it is in the kitchen. Current analysis series continues to remain accurate.

    Weekly
    https://hotcopper.com.au/data/attachments/5957/5957749-0b98f809e15cf854844d941723a78118.jpg

 
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