IMUGENE CHART. TA only, page-378

G’day OC, sorry I’m not booted up at the moment to demonstrate but I’ll try and explain my thoughts.

The SP has had 4 straight days of strong growth without a rest. It just can’t keep going like that or when it does retrace, it’s a huge retrace, totally upsetting momentum and upsetting the fans.
Always best if a stock could climb a cent a day, then no need for pull back as much.

So today’s action saw a full 10 cent climb from the start of the week, to much without an announcement so as expected, this afternoon saw some healthy profit taking and a chance to reset. This weeks growth basically halved but still incredibly healthy. Imagine if you had that growth every week.

Hoping .25 was the bottom of the retrace but certainly no need to lose any confidence.

Trade the trade as they come.

Cheers.