Jimster45

Short as long as 0.459 is resistance

Short
ASX:IMU   IMUGENE LIMITED
Alternative scenario: the upside breakout of 0.459 would call for 0.509 and 0.539.

My pivot point is at 0.459.

My preference: the downside prevails as long as 0.459 is resistance.



Comment:
The RSI is below its neutrality area at 50.
The MACD is negative and below its signal line.
The configuration is negative.
Moreover, the share stands below its 20 and 50 day moving average (respectively at 0.445 and 0.5).

Trade safe -
Jimster45
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