IMUGENE CHART. TA only, page-67

You love to go to fishing charterrierist - I'm sure you'll get bites too. All the gap talk is complete nonsense. The higher the TF the less 'gaps' there are until you have no gaps. The lower the TF the more you have to the point where every single price movement is a gap. True gaps are actually very rare.

When you look at technical analysis, short term time frames cannot predict where the moves will go. That is where the long term time frames come into their own. No-one can deny that news and fundamentals is what drives the share price. We get news every few months that gives the share price direction. That means that a monthly chart is explicitly charting news events. Technical analysis of a monthly chart that gives targets and key levels is therefore quite an accurate way of seeing future areas of resistance and targets that will absolutely affect a news move. I am of course not including big pharma deals and the like, but for news like this one a great starting point is your fib targets. 19.5c is the immediate target now for this move, and has been since Nov/Dec. We finally broke and retested the 0.0% yesterday. The retrace from 14c to 9ish was a 50% - pull back giving the the 161.8% fib as the target at 19.5 - give or take. If it blows through that then the 200.0 is next followed by the 261.8

Hourly break and retest:



Fibs from Nov