IMU 2.08% 4.9¢ imugene limited

Here's a chart that will help make sense of today's price...

  1. 904 Posts.
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    Here's a chart that will help make sense of today's price action. You can see the colour of today's candle is dark green, not red. If it was red, I would be very concerned, given today's massive volume. Dark green means some doubt creeped in some day traders' minds. But look at he PMO indicator. The PMO is a very important measure of momentum strength. It has crossed its zero line and now is in positive territory, and that's a sign of pure strength. As for the RSI, it can continue on to 80, even more (look on the left). Lastly, the 5 EMA is above the 13 EMA, and that's bullish (look on the left)..
    https://hotcopper.com.au/data/attachments/6428/6428160-a70f2704d1e5713f13e3339e5fccfef3.jpg



    Last edited by Ichimokou: 02/09/24
 
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