IMUGENE CHART. TA only, page-285

Today's volume and momentum should keep this moving. I recall saying a while back if we bust through the 200% at 0.230 without too much effort the 261.8% should be hit fairly soon after. That gives us a 4th and final target of 0.280 for our long term fib trade from November. To be clear, I am not saying that is where we stop, however that is where this particular fib move will finally be completed. I would not expect the price to blast through the 261.8% like it did the 200% today without a news event, I would expect the price to bounce when we get there, even if only a little. The technical level is 0.280 but price tends to overshoot a little.

Here is today's hourly chart at close:

In the next couple of days, the daily chart will have the e21 at same level as our 161.8 (0.195) creating a rather strong support. I suspect however, if and when we hit the 261.8 the 200 level will become the immediate support. Hopefully it will be strong enough to hold the range until news.