IMUGENE CHART. TA only, page-22660

Guys can I just show you this and hopefully you find it rational.

Below is a chart over nearly the past year where the SP has closed too far (IMO) outside of bollies. Look at the immediate reaction. The SP retraces back to either of the bollie trio.



Now I find this TA very compelling therefore I'd be foolish not to follow it and trade accordingly.

Not saying it's not fool proof and an announcement Tuesday morning could have moved the SP further but probabilities are in TA's favour.

Here's another stock we trade, see how the SP is just running up the upper bollie wicking out of it until today we reckon that it closed too far outside so will be watching carefully in the morning for an exit. This is ideally how you want to see the SP grow, not like the huge spike IMU did las week.



Anyway, make of it what you will, just giving some backbone to why the heavy drop yesterday.

Fire away at me.