IMUGENE CHART. TA only, page-3975

Hi mate, thankyou for your comments.

I'm typing this as a live document as I haven't looked at the charts really. It will be short as I need to head out for the day.

My thoughts before I look - I'm a bit frustrated things are taking so long. I expected to be back in the 40s. Technicals indicated this. My gut feel is that this is drifting lower by design and shares are being soaked up on the way down. If I had unlimited funds, that's exactly what I would be doing. Regarding news of the three announcements I've been waiting for this is the one that was least likely to make it move. The other two I'm waiting for, being pdl1 and hervax results should make things along much much better.

Weekly - volume is low low. This isn't conviction, it's treading water while floating in the ups and downs of the tide. Best indication of sentiment will be the end of week close, at or above the 38.2% (0.34) is bullish, under could be bearish and may attempt to stretch back to 0.295. MA method bullish


Daily - MA short term is flat. Long term strong bull. Next bounce up from here may have legs. Closing below the 38.2% and then not being acted on tells me that holders are just not wanting to exit. The sentiment appears to me to be very much bullish. In addition we now have the e55 as a strong bull support coming up.


Hourly - this simple 200 hae been a hell of a resistance to conquer. Can't wait for it to to be backing the bulls instead of the bears. MA method looks like it wants to reprint a strong bull continuation signal. Which one will need more time. We also now have bullish divergence to help us out. This is a bullish chart for me, but with strong resistance to get through yet.


All in all, I'm really happy to have my holding sitting where we are at with the 2 biggest news releases waiting in the wings. I expect these to provide a rerate each. Other than where we close on tomorrow afternoon in relation to the 38.2% fib level, I don't see any bearish signs of concern. It's just a flat market for us atm, which again, isn't a bad thing for our future profits, just a frustrating thing for our paper ones this week.