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Re: skitahoe post# 590962

Friday, 05/05/2023 7:19:09 AM

Friday, May 05, 2023 7:19:09 AM

Post# of 703425
Gary, I took a quick look at IMGN for the first time. I drew the channel lines and indicator wedges in about a minute and half. Haven't even looked at Weekly or Monthly(that's where you really can tell health of a stock). My point is I am able to see TA very quickly with how long have been doing this.

Yes Hindsight 20/20 but IMGN chart clearly shows channel break with the ole back test and then explosion. Now do you guys see why I always chart Indicator Wedges and when coming to an Apex and breaking out? I am a big believer on Indicator Wedge breaks are as important if not more important than price charting. See RSI long tern support and breaking resistance all happening at once. 15 month MACD Support and Wedge broke when IMGN broke out of channel and backtested. I wish you told me to look at IMGN last moth!! lol

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