IMUGENE CHART. TA only, page-27894

That’s rubbish, charts do not act as a false sense as they are a true replication of price action to the very minute. Can’t get any more accurate than that. And from that action and in combination with other indicators, experienced chartist can make determinations based off probabilities. All pretty simple.
So you’ve displayed an example that has happened how many times in 12 months on that stock? Once, twice, three times maybe? Then what about the remaining days of the year that the ASX is open as I’m sure that stock continues to trade?
Off course charts get put aside when a serious announcement lands and get picked up again 4-5 sessions later once the SP settles. That’s always been the case and has been spoken about repeatedly.

But there are folk who are not in the least interested in plonking a slab of funds on a stock and waiting for that magic announcement to land. There are over 2000 stocks on the ASX , how many of them are waiting on that golden moment and how many of them will never see it?
Hopes and dreams stuff and good luck with that.

Cheers.