IMU 0.94% 5.4¢ imugene limited

Weekly took another hit Fid unfortunately but I am encouraged by...

  1. 14,311 Posts.
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    Weekly took another hit Fid unfortunately but I am encouraged by the movement of MACD which has proven to be a very reliable tour guide when you look at the entry / exit signals of its crosses.
    We need to see that yellow circle turn green for a nice swing trade entry. Anything prior to that is only pip trading worthy IMO.
    And what confirms that strategy is the daily that is printing long wicks both upper and lower. As @valueadd says, "trade the shite out of it" until the indicators tell us otherwise.

    weekly
    https://hotcopper.com.au/data/attachments/6358/6358823-b9f3b17940c48be61fd20c23c2477ce5.jpg

    daily
    https://hotcopper.com.au/data/attachments/6358/6358825-20273c8e4a7da5738bdbeb5e373d5059.jpg

    Hedges.
    https://hotcopper.com.au/data/attachments/6358/6358826-f65daa07f3874842ddbc4b867172ff0f.jpg

 
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