Same Pattern

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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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