$IMX just pulled off something interesting on the weekly chart. It smashed through that downward trendline that's been holding it back, and now? It's come back to test that exact breakout spot – which is exactly what you want to see. That zone's flipped from resistance into solid support now.

This retest behavior is actually a textbook confirmation signal. When price breaks out and then successfully holds above the old barrier, it typically suggests the move has legs. The structure looks increasingly bullish here.

One level worth watching: there's a fair value gap sitting around $0.979. If momentum continues building, higher targets could definitely come into play. The technical setup is lining up nicely for potential upside continuation.