IMUGENE CHART. TA only, page-17507

If you rewind a bit you will realise that the low is roughly 50% below where we are now. Let's say for example you had bought at the low, and you decided you want to have free shares for the rest of the journey up, where would you sell? I'd guess around here. As the 28.5 mark lines up with strong support in the previous bull run (zoom out - weekly/monthly), you can only expect to see strong resistance on the way back up. This is our second attempt at the resistance, if we can't break it, we will go down again until buyers step in. The next support on my chart is around the 24.5 mark.