Charting Only.

Many don’t believe, understand, like or credit charting. Even going as far as attempting to dismantle any decent conversation on the topic.
Well that’s all fine and dandy, enjoy your ignorance but for God sake, stay off the Charts threads.

Just a basic freebies chart of IMU looking a bit stronger than the past few trading days. Trade today was from support to resistance of .022 - .024. Has been in my .021 - .025 range for a month now, even with great announcements threatening to spike the SP. MACD has turned positive so hopefully will confirm a crossing ( this has been really accurate in recent months). Needs to happen to break through .024 resistance and clear .025 otherwise it just remains ranging.
I see very low volume as the real negative at the moment but as we’ve seen, that can change quickly.

If I could get the (+) indicators (SAR) to switch upwards then I’d be keen to enter.

Keep in mind this is very basic analysis, @mirren is going to rip into it.

Cheers

Click to enlarge.