IMU 2.94% 8.3¢ imugene limited

IMUGENE CHART. TA only, page-257

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    We have a bounce on the hourly. It happened a bit quicker than I would have preferred, I think it would have been stronger to see it on the daily giving a bigger gap between the close above 161.8 on Monday and the bounce just a few trading hrs later. However a bounce is a bounce and if we head back up we could be looking at 0.230 in the next couple of sessions. This could then lead to another retest of 0.195 as support. We need our daily to have consecutive closes at 0.195 or higher now for this particular move to stay in play. Let's watch for the green w5 to turn upwards.

    Hourly:
    https://hotcopper.com.au/data/attachments/3150/3150684-3cab06b3ffda9159ef9d4119328ca333.jpg
    Last edited by Zior: 05/05/21
 
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