That may well be the case, perhaps I am trying to anticipate the...

That may well be the case, perhaps I am trying to anticipate the market here. My thinking is, the Epinova announcement seemed to come out of nowhere, I'm not sure that it has been priced into the current SP seeing as it was already trading in this range before the announcement, there was a spike and a sell the news event which is not out of the ordinary. The gap it left behind could well be a target so it seems to be a battle between TA and FA, so far it looks like a new baseline might be developing here but we'll just have to see how it plays out, given enough time and when enthusiasm dies off TA is bound to win, on the other hand, if a positive funding announcement is released we may see the chart I previously posted play out... So I think the chart is always still relevant, but certainly not in isolation.