Today was another little breather. Unfortunately our minor...

Today was another little breather. Unfortunately our minor support in the form of the interim short term 138.2 fib did not hold. This is not a concern, we've had some great gains and every breather and pull back, even these little ones helps to cool off the run and allows for the gains to be maintained. It also lessens the need for a major retrace that comes like the one in May after travelling up so hard. Slow and steady (excepting a fundamental re-rate) is always preferred to hard and fast. Disclaimer: At present for selfish reasons I would prefer hard and fast, our B options are on a timer.

Without that validated retest of support, we were never going to reach our target zone today. A trading halt was a stretch, even in fantasy land, it's just not how Imugene do things. I'm very keen for tomorrow, I still hope for an investor presentation tomorrow morning. Not getting one likely indicates there won't be any material updates, so let's see. Not long to go.

Our hourly chart is now under the wedge and under the e21 so we'll need to break through it again to make new highs. This shouldn't be a problem as it's weight has been reduced with all the back and forth. Hopefully the horizontal trend line will hold at 0.575. I don't consider today's trade as having much weight due to it being an inside bar on yesterday. We've got room to drop to 0.495 ish without the overarching medium term bull run to be effected.

On the up side, if we do manage to pop back tomorrow (looking like not at this stage without the help of the preso tomorrow) then it could potentially be setting up the strong MA signal again on the 5min which would be nice.

Not much to show on the charts really, but here's the hourly: