Same Pattern
IMGN is following a particular pattern that is leading to higher highs and higher lows. 1st it is making a breakout from prior high, then makes a pullback below the support line from the prior high. 2nd it is consolidating there #gathering steam for another move higher. Not a good idea to go long in IMGN at this point because risk and rewards are not in the favorable side due to prior two pattern formation!!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.