sammorgan1000
Short

Overbought, due for a retrace

ASX:IMU   IMUGENE LIMITED
Love this stock fundamentally but in my opinion, it has had a great short-term run and needs a pullback for the next leg up. Should see it retrace to these support levels and then continue upwards towards 5c short term. I will be selling a portion to rebuy at a lower price.
Do you feel that its now surpassed this pullback, with new support now forming higher?
+1 Reply
@zabba198, sure has, 3.5c is now a more stable support line - looks like it's going to continue upwards without much of a retrace
Reply
sammorgan1000 sammorgan1000
@sammorgan1000, sitting on 3.3c, major support line. If it goes under we could see 3.1c then 2.9c.. hopefully it bounces off it on Tuesday
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