IMU 0.00% 5.1¢ imugene limited

Technical BreakOut Alert, Flag and Pole

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    https://hotcopper.com.au/data/attachments/2994/2994623-04e78d0cf641016f905dc70f26235654.jpg


    Weekly IMU chart above showing a strong “Flag and Pole” formation, with a weekly close above 11c
    indicating a break out, with an upside target of 18c . If not this week, then price will only need to above 10.5 next week for a breakout confirmation.

    Additional signs of strength,

    A double bottom reversal in place 9.2

    A Wave trend crossover study giving a bullish crossover signal from a low base.

    Two previous Bullish Crossovers from same low base , arrowed in red, with corresponding price rally shaded in green .

    RSI not overbought having bottomed and turned earlier in the week.


    BElow Weekly Ichimoku
    Wide band of “cloud” support shaded green
    Stochastic showing a turn around Off lowest point in 12 months. Previous turn from corresponding low saw a rally from 1.6 to 14, last years full range.
    https://hotcopper.com.au/data/attachments/2994/2994654-fa3356e3995b8d15ef45e8d47a20ce61.jpg

    Suggest newcomers look to the Imugene.com website, pipeline and investor presentations.
    In addition the Roth Capital research, target valuation also calling 20c .
    A lot of price catalysts imminent within the next few months which could easily justify these targets being met.

    This is a technical charting thread only, please no comments if you don’t believe or understand TA
 
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Last trade - 13.55pm 03/07/2024 (20 minute delay) ?
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