IMUGENE CHART. TA only, page-30506

And the bears have the day with the close back inside the range. It's a very thick zone we are trying to push through and I'm sure we are all ready to be out of it, but if there is one positive in it (and I am ever optimistic of course), it's that the longer a ranging market lasts the bigger the move that follows when we eventually come out of it. A decent positive news item would certainly trigger this breaking to the upside - and would even negate the need for a retest of current resistance level. Without news, we need to push through the old fashioned way on technicals, followed by a retest of the (again) overhead resistance as support. Once we do that and bounce, we are off to the races. Due to this now fake out churning through the supply and the proximity to the end of the wedge, consecutive pushes higher should not require nearly the same effort or time. Wedge currently in the form of the weekly e21 and 0.115 - although looking at the weekly one could reasonably argue for 0.120 now after Friday's close.

Downside risk remains low probability - a close below the 10c area could see a run back lower. I don't expect to see this due to the underlying strength, in addition we have the daily e100, e200 and most importantly the weekly e21 consolidating at this level. Probability remains strongly to the upside. Watching every move needs patience. Go and do something and it will be 15 then 22 before you know what happened.