IMU 1.43% 7.1¢ imugene limited

Cheers Slick, I appreciate that, but I believe I've got a lot to...

  1. 40 Posts.
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    Cheers Slick, I appreciate that, but I believe I've got a lot to learn before I can be calling any shots. I'm still fresh on the scene.
    But yes, the lines I drew are purely based off wicks - as long as they're tagging the line and not riddled with penetrations.
    I always look for 3 peaks and 3 troughs to be tagged and then I'd wait for two closing sessions above the line, to confirm the move.

    Generally speaking though, I apply this approach to my weekly charts.
    I've adapted it to a daily chart and was curious if anyone else agrees or disagrees. If maybe a daily showed an earlier trigger? Or am I being too eager?

    I've attached the weekly here, and as you can see it's a bit less convincing with a lot of resistance to get through that cloud.
    But if a break out "was" to happen, I'd
    imagine 2 weekly candles could handle that cloud while also bumping their head on the 200 at 14.6c.

    Only me speculating. Would love all your thoughts.

    https://hotcopper.com.au/data/attachments/5966/5966530-efb18b68d7ede431017ad6f283440e73.jpg
 
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