IMUGENE CHART. TA only, page-90

Evening all

Great to see so much commentary and new posters to the thread sharing their charting knowledge, I dontt have much to add on the GAP discussion but to say I think the rule is that all GAP's close eventually but there are no time constraints on that...I wouldn't be surprised to see Gaps on the AAPL chart from early days that never closed if you look back far enough....there is also the exception if a company ends up de-listing from a T/O one things for sure...we can all be Gay & Proud to be Imugene holders at the moment.

I noticed some similarities from the last run from 5.5c to 14 and thought I'd share them with you, doesn't mean this run will play out the same way but could help any nervous nellies understand what's going on if they've just joined the party

This first chart is an hourly from the previous run in late November, notice the pennant formation before the breakout and the MACD looking like it was about to cross just prior


This chart is the hourly again showing the last few trading days the you'll notice todays session formed a pennant and the MACD looking like its wanting to Dip very similar to the pennant in the chart above.

At 3.49 today there was a buyer Line wipe around 2.5m shares at 16c...looks to me like there is still accumulation taking place although I am quite green when it comes to reading the Tape/Order Flow maybe @slick can comment further on that.

The daily chart in Logarithmic scale puts things into perspective (in % term's) to see where we are in this run compared to the last breakout, far from over IMO.



Strong day for the whole ASX today lets hope it continues long enough to push us up into the 20's