IMUGENE CHART. TA only, page-29137

Anything could happen here. At this stage it is just a wick that has broken support, technically that is fine, similar to what I posted earlier about diagonals and when wicks become irrelevant. Support is being tested, strong sell in the morning, quick rebound as the sellers below 10.5 were shallow. It is a test of strength, the support directly below 10c is very weak and has been for quite a while, there is more support at 9.5 - 9.7 that has been sitting there all along, below that, very weak again. On the sell side there is strong resistance from 10.5 all the way up to 15c. This is all on screen though, the significant moves often come out of nowhere. If big buyers want to step in, what do they want to pay? will they try to take advantage of weakness? Do they feel they have time? We won't know till after the fact. Include macro fundamentals into the equation, all the points I made earlier, also are we seen as being beaten by a competitor? does the rising tide lift all boats? I like to think there is room for more than 1 player in this space because results are results.
Market games...
GLA