IMUGENE CHART. TA only, page-30481

This may very well be a false break, but that is still too early to call. We closed at 0.115 so we are still on the right side of the resistance. Large volume today and the bears were unable to close the deal, but they will have another chance tomorrow. The whole picture at the moment hinges on the battle around 11.5. If it holds we will move higher to 15, if it fails to hold as support then we are still in the range.

What the bulls want or see is that it starts to bounce and confirms that 0.115 as support. If/when(it's likely to happen at some point) that happens, I think you will see buyers jump on. March has started so it's about time for some movement. I'd like to see it happen before news drops so that folks can recognise the underlying strength here. There are plenty of technical contributors on this very thread that can't see it yet, probably because of focusing on different time frames.

People looking at the bark on the tree (for example traders that aren't interested in the longer term picture) are not going to see the forest. For them the forest has no interest, just the tree in front of their nose at the time. Nothing wrong with that when trading, I'm just here for the bigger picture, and so far it's unfolding as if it is scripted.