Usually, this is indicating strong up. Though, IMU is just not usual, with over 7b shares available, things can be played against usual theroy.
This was May - Jun 2023, after two of these type, in both cases, the price dropped further before it recovered.
Having say that, both of those cases were within the lower half of the BB, now the price is in the upper case. I hope this time things run differently, as I have loaded more by the current observation.
IMUGENE CHART. TA only, page-29966
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