IMUGENE CHART. TA only, page-30487

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Eileendover

715 Posts.

623

05/03/24

17:59

Post #: 72757216
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Originally posted by slick: ↑

Not sure about a tree shake, it was done on pretty strong volume. And Gmund has called it accurately, the chart hasn't looked that strong for a few sessions now. The candles prove it regardless of what anyone else is spruiking and MACD backs that up as it's looking to cross to the negative.

Throws everyone's flags out the window, the only pattern left is the good old ascending triangle. But regardless of any "so-called" patterns, PA rules and there'll always be opportunities.

It's interesting that the sector couldn't hold it's breakout. Shame.

PS Eileen, if your order at .099 gets hit then it goes a lot lower. Not many stocks break below the magical 10 cent barrier without testing a fair bit lower.

Shorts / Hedge

Cheers
Go crypto!

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Haha I decided against a 9.9c order today cause I'm just not sure wtf is going on. Happy we are staying above 10c for now, but think I'll have to be a lil more patient to see which way she unfolds.

I got in late last time it dropped below 10c. I recall you bought in at 9.6 was it? What was your theory that it was forming a bottom pattern then? Because as you mentioned I was thinking exactly that, was too afraid of it falling back to 6c or heaven forbid 4c I ended up chasing it up bought back in at 10.5. Glad I sold last week at 12c though smart move on my part there but then again perhaps a lot of luck. It was a 50/50 call but I decided to take profits.

IMU Price at posting: 11.5¢ Sentiment: None Disclosure: Held
5 Upvote

0 Great analysis

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