IMUGENE CHART. TA only, page-16936

A close below support doesn't necessarily mean it is toast - but today's trading is definitely important - will it come back up, or keep falling. If it keeps falling, I fear it may then be going back down to previous support, 14 cents. Sure MACD is diverging, but on my chart, 30 day SMA is about to cross 100 day, which is always a bullish event (in my experience). If you zoom in, you could argue that MAYBE some support was formed at 0.22, which almost coincides with 100 day moving average. So, perhaps, it could bounce from 0.22 - I'm certainly hoping this is the case - all bio tech's were hit yesterday. In the US, XBI was massively sold off on Friday, which could suggest we followed suit, it rebounded a little overnight, similar with IBB - massive sell off on Friday. All bio tech's I watch had a shite day yesterday - TLX, IMU, PNV, IHL - the general market is set to open in the green this morning too. See how it plays out.